Salt Lake Tribune | 1910-04-26 | Page 2 | Big Deal Closed by Senator Kearns

BIG DEAL CLOSED BfSEMTiBi Thirty Thousand Dollars Profit by Holding Chicago Lot Four Years. Special to Tho Tribune. CHICAGO. April 25. A realty transaction trans-action which shows the remarkable Increase In-crease in value of west-side manufacturing manufactur-ing property came to light, today with the aale of property on Monroe street at the northeast corner of Jefferson street by Thomas Kearns or Salt Lake. Utah, to Charles G. Stevens, president of the C. G. Stevens company, an Iron and steel cor- j poratlon. Four years ago Senator kenrns purchased the P'opcrty u 'jen was occupied by the building of tho old Whitman and Barnes MnnufBCtiiilnS company for $52,000. tho pt Is 9l b 130 feet. Two years ago the manufacturing manufac-turing plant burned down, yet the selling sell-ing price of the lot with the ruins upon It was $SO,000.- Senator Kearns 1 etllnfa more than $30,000 by the U-insactlon. The uale wns negotiated by the le.u estate firm of Alexandor Friend & Co.. and Henry C. Le Vinson, an attorney, negotiated ne-gotiated the legal part of the transiet-tlon transiet-tlon The new purchaser will s.t.-trt at once to eroct an office and store I u Hd-imr. Hd-imr. to cost. In the neighborhood of $125,000. ,