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Expression of continued faith in Mm neapolis real estate as an investment is becoming very general among business men of the city, cankers and profession al men. While apparently all of them haveland continued crip the faith that the values ito Minneapolis were to steadily advance until they reached a normal standard, some of them have been keeping quiet about it. Recogniz ing that public expression of their at titude on the question might be of value ia strengthening the general feeling on the subject and acceding to request, they have been giving publicity to their views* To further an interchange of opinion on the subject the Minneapolis Beal Estate board executive committee has under formation a plan to dine repre sentative bankers of the city to cement the bonds of sympathy and produce a warmer co-operation between the two lines of business. The gathering is ex pected to result in a vote of confidence nd a profitable exchange of views. Holds to His Property. Jteal estate as an investment is an actuality with Judge M. B. Koon, not a theory. Altho not generally known as a veal estate holder, Judge Koon says to day that he has made his money in real estate and that he considers Minne apolis inside property the best kind of an investment. His faith is shown by the fact that he still owns much of the ,_, property which he bought years ago. MA"1^ $3000 8 4 253 250 8 |i* E $1500 0 0AkL4l :-.m% BANKERS HA VE FAITHy IN PROPERTY VALUES MOORE BROS. & SAWYER Mo. Ill Nicollet Avsiiin $8200A seven-room house, modern ex oent beat, located only a short distance from university. Is finished in hard wood, has hardwood floors, mantels and sideboard. Thoroughly up-to-date bath. Open plumbing, nickel finish. Full base ment. Housa complete and ia certainly a bargain. SVE WANT AN OFFER on 904 University av SB. The house has eight rooms and is modern except heat. Oo and look it over and make us your best offer. Conservative Interests of the City Consider Present Real Estate Prices Low, and Offering Excellent Opportu- nities for Permanent Investment-Bankers to Be, Dined by Real Estate Men, D. P. JOKES, Pres. W, H. DAVIS, V. Pres. W. C. McWBINNEY. S8C.-Tms. DAVID P. JONES & CO. MAIN FLOOR BANK OF COMMERCE BUILDING 5. A. ROCKSTROM'8 magnificent home, located at 1416 Adams st NE, built by Mr. Rockstrom only three years ago. Every part put together in first-class shape of A No. 1 material. Six rooms on the first floor and seven on the sec ond. Arranged for two families. Demar est steam and warm air heater. All x modern conveniences. Could not be duplicated today for less than $6,000. Tne owner's business calls him west. Hence hte reason for selling:. Price. $5000 it taken at once. $5000A ten-room, thoroughly up-to date house in Bryn Mawr. Lot 60x180 feet. House built three years ago for a home. Full basement. Very best hot wa ter heating "plant. Five rooms down stairs, finished in oak with hardwood .r.- floors, magnificenton One bit is five-twelfths of the land on which the Glass Block stands, one of the" finest permanent investments in Minne apolis. Altho the judge was confident on be ing interviewed that he could add noth ing to the literature of Minneapolis real estate, he made some of the strongest statements that have been uttered lately on the subject of real estate investment. However much others have wavered and shown faint-heartedness on the subject of placing local money in local land, Mr. Koon displayed his sublime faith in his home town in saying that he held ex actly the same views on the subject that he did twenty years ago. Inasmuch as he laid the foundations of his fortune two decades past by buying real estate, his statement is calculated tot strengthen the vertebral column of citizens less loyal to their home town and confident of" its prospects. "The first money I made in this town," he said, I made in real estate that I bought when I came here, and I continued to buy as long as I thought it was cheap. "By real estate I mean inside prop erty, business property. It is the best investment a man can make today. Men who have shown faith in Minneapolis by investing in real estate are the fel lows that have made the money here. Practically all the money I have ever made was made in real estate." A real estate boom or a speculative element is something Judge Koon would OPFER2305 E Twenty-second street two-story frame dwelling, 7 rooms, city wateravenuesewer and connections. Owner needs money. Elwood N ten-room dwelling, modern,the including complete bathroom and furnace full basement cannot be duplicated for $4,500. $30002032 Oakland avenue frame, nine-room modern house com- bination heating plant bathroom city water and sewer connections rent $30 per month. A great bargain within walking distance. $2000 Stevens avenue seven-room frame dwelling city water, Sewer and gaB connections rent $18 per month. $22502821 Girard avenue two-story frame dwelling, eight rooms, city water and sewer connections large barn rent $20 per month. $25002221-2223 Clinton avenue two detached frame dwellings, 7 rooms each city water connections all improvements in street and paid for. Eent $28 per month. Land 50x135 feet. Good renting, inside property. Rare investment. $22502736 Emerson avenue S 2-story frame dwelling, 8 rooms city water and sewer connections located on east front lot, with fine sur- roundings. Rent $24 per $2000 Twenty-fourtmonth. street 2-story brick veneered dwelling, 8 rooms, cistern and well. Rent $20 per month. $14002438 Oakland avenue 7-room frame dwelling city water connec- tions large east front lot. Rent $12 per month. $*75002008-10-12-14 Clinton avenue frame tenement row, containing 4 houses, 7 rooms each 'hard-wood floors, ne-w open. pVu-mfeinjj, city -water, sewer and gas connections hag just been thoroly renovated and placed in excellent condition of repair. Annual income, $1,140. Houses situ- ated on two lots with a frontage of 100 feet. Inside renting property. An excellent investment. $850"~"On Pleasant avenue, between 25th and 26th sts, east front lots with city waterSheridanand sewer stone walk in street and paid* on 39th st, fronting east and Bouth. Commands a beautiful view of Lake Calhoun. Only a few such sites left. LOTS CHEAPSOLD ON EASY TEEMSLocated between Minnehaha and Forty-second avenues and Fortieth and Forty-second streets good car service, good surroundings. We have about 150 lots remaining in this traot ana are offering them in/prices from $80 to $150 a lot. LAKE MINNETONKA--We are handling the famous and beautiful Gibson tract, located along the South Shore between Bay St. Louis and Kobin- Bon*s Bay commanding views of the big lake. The beautiful homes of JMxw-BennetL Mrs. Paesmore, Dr. Dunsmore and others in near vicinity. sideboard and man- tel. Five rooms second floor. Ele 'y .-f gant bath. $3750Modern home in Sunnyside, nine rooms, thoroughly up-to-date. Good heating plant. Hardwood finish and ,g floors, beautiful mantel and sideboard. J|S}-,-/' Big bargain. $6500A new and elegant house of 18 /v. rooms, located in Lake of the Isles dis trict. Finished in the very best of hard wood with hardwood floors, elegant i mantel and very tasty sideboard. Hot -sgv water heating plant, thoroughly up-to i-t date bath with open plumbing, nickel -M finish. Everything of the very best. -U*-\ BUSINE SS PROPERTY. I.T.. $14000 will buy a double corner on 4th st'and 10th av S, 132x165 feet. One of the best sites in South Minneapolis for warehouse or manufacturing purposes. Accessible to railroad right of way. Nothing better has been offered at our figure.. Must be sold in the near future. forSheridan a 8 and W 39t st 10 0 feet on by 120 WRITE FOR OUR NEW CATALOQUE OF REAL ESTATE BAHRAIN* T. J. JAMNEY 203 ONEIDA BUILDING. BARGAIN COUNTER $28002309 23d av S. Brlok veneered, 10 rooms, bath, city water, gas and sewer, two families rents for 10 per cent net. $1100Two lots, 79x129 corner of 26th av N and 6th Fronts upon Farview park. $6000Corner. 17th av N and 2d st N. Brick store building and three houses on one lot. Always rented and paying good income- on cost. Will consider an offer. $500013 acres and a good 9-room house and barn, at Bobbinsdale fine land and location. This is a suburban snap. $18500Corner one block from the courthouse, 66x165. Improvements rent for $1,000 per year. Business creeping close upon it. Sure money-maker. $400A good lot on 4th av S, east front, near 27th st. $350092x66, on 10th av S,. opposite Linseed Oil Works. Make offer. $1850On 25th st S, near 29th av. Good 8-room house, fine condition. $220022d av S, near 22d st. 16 rooms, 2 cisterns, well, storm sash, screens, sidewalk, yard fenoed and well rented. $35001100 Logan av N, 10 rooms, all modern, good barn. Will take part ex change In city property. JOHN L. NEAL, REAL ESTATE. 821 Northwestern Bulldlau* LOTS AT LITTLE PRICES. $75 each, two nice lots, 39th and 18th av S. $250Good lot. 3d st NE and 19th av. $350Fine lot, Grand st, near 18th av $400Marshall, near 18th av NE. $300Van Buren and 13th av NE,* one block from Central av. $190Fine lot, Minnehaha av and 38th. $275Minnehaha av and 35th st. $15024i av and 22d st. $325Corner 18th av S and 32d stivf' J?800Fine lot, 17th av S and 31st st. $4503d av NE, near 19th st, size 66x 165 feet. $450Emerson av N, near 5th av, lays high. $600-Fine east frontt between Bakes on Bryant av S, and 31s sts,-eas front. $650A beautiful lot. University av BE. Just beyond Bedford st, sise, 45x173. not care to see in Minneapolis. He con siders real estate the one permanent commodity, to be used as a permanent investment for improvement and rev enue, and not to be dealt in as stocks and bonds which have fluctuating val ues. He has lately returned from a trip on which he visited other cities of simi lar size and operating under conditions similar to those in Minneapolis. On this subject Judge Koon said: "The sales made in this town the last ouse 5?j?h througjwitf win *hSt ISlk"^ week. Terms. 5500West front lot on Chicago av, between 32d and 33d sts. third lot ley. City water,e and walk In i&JP'S 5? cheap. flr- rsewer $1050EachWest vei TrontTerms.st-?n S lots Girard av, between22d and 24th size 40x129S fine feehte to alley? Al fm- feel* en a *l^lS?et-J? to 46*12 ?ul$ as' 9 $375East front lots 4t between 27tet^SJ?e28thnsts.h*1av 0 eS and Stone" an th OW $1050--EachWest front lots on Humboldt av, betweenVSd 22 and 24th ste. Lie fine. Terms. $700East front lot on 4th st N, be- o*%n }lth Siz 41 18t aUey. Easy terms. $36002529 East 32d st. A two-flat house of six rooms each furnace neat laundry, sewer, gas. Large lot. Rental value $42.50 per month. $1250EachEast front lots on Girard av S, between 22d and 24th sts. Size 40x129 feet to alley. All im provements in and paid for. Terms. $400Lot on 10th av N. between Irving and Elwood avs. Size 45.2x144 feet to alley. $210EachEast front lots on Oak land av, between 39th and 40th sts. Size 42x117% feet to alley. Terms, $25 down and $5 per month. THORPE BROS. *"Hs NEW BOUTELL BUILDING ASSUMING IMPOSING PROPORTIONS A FEW REAL BARGAINS $4000-3052 Ninth av A new 10- fiS hardwooS. floors and moderSout-h iSf l plumb- ment and arran a S Mus east front corner lot improve- $5\100Lone aall This Photograph Shows the Rapid Progress Made on the New Building of Bout ell Brothers' Housefurnishincj Establish' ment, Fifth Street and First Avenue S. It Will Occupy a Full Quarter Block and Be One of the Handsomest Retail Structures in Minneapolis. three or four years have been made for permanent improvements and it is a good, healthy movement. I don't want to see the people go into speculation, in which I don't believe at all. '/There is no doubt about real estate being cheaper in this town as compared with other towns of the same size and amount of business. Of all the other places I have visited I don't know where I should want to invest." In his conversation Judge Koon gave $26002740 Pleasant av. A 10-room house arranged for two families city water in best .of repair rents for $30 per month. Terms. $400 down and balance monthly. Lot 40x130 ft. $100O-East front double corner of 10th av and 25th st 96x129 feet to alley. City water sewer stone walk in and paid for. This is cheap. $4O0-J-West "Brown's in Town" (E. D.) at 738 Lumber Exchange. DON'T WASTE YOUR TIME house hunting, lot hunting or loan hunting, but tell me your wants and I will fit you out. That's my business. NEXT WEEK WILL BE MY VACANT LOT WEEK. "If you don't see what you want, ask for It." ,If I don't have what you want, I will get it. Corner of 10th avenue S and 32d, facing the park, $700. Will help you to get a nice home here by advancing you material. Corner Aldrichand 33d, $400. Best deal in this neighborhood by $200. Corner of Emerson and 26th, $1050. Corner of Holmes and 33d, $50 O. How's that? Corner Fremont and 31st, $500. SASftJND DOORS FIR Doors BIRCH Doors PINE Doors OAM)oors '.",-1 rzAi*. '^fi$^'-p3^t front lot on 16th av S, between 29th and Lake sts, near to Lake. Size 41x129 feet. Easy terms. $38003248 Hennepin av. A thor oughly modern 8-room house in the Lake Calhoun district full base ment large porch hardwood floors house nicely, decorated and in best of repair. Lot 42x128 feet. Terms. $1350Eastern owner wants to sell quickly east front lot on Colfax av S. between 25th and 26th sts. Size 50x128 feet: to alley. All improve ments in arid paid for. Terms if wanted. $4500A piece of trackage five blocks from the Union depot size 196x157 feet. Great Northern track age. Terms. $4200 287luHemiepi av. A modern house near'wLake Calhoun has fur nace heat full basement bath, gas, electricity sideboard built in house on south and east front lot, 42x127 ft $12000Corner of Mary place and 12th st, 89x165 feet. Near new Aud itorium finest location for flat or apartment house in city. MAKE OFFER1913 Nicollet av. An 11-room house modern bath and furnace owned by an eastern estate. Lot 50x105 feet. We will submit any offer. BUILDING. J, Corner of 10th av and 35th, facing east and south. This week only at $525. Corner "On the Hill," Humboldt, 100x135, $4000. Corner of Fremont and Franklin, $1500. Corner of Harriet and 32d, $750. Make me a decent offer on any of the following five lots'^ Holmes av, near 32d, east front. Grand avenue, inside of 27th, facing east. East front on Dupont avenue, near Lake street, Hennepin av near 32d. 100 feet on Hennepin av, inside of Harmon, overlooking Loring or Central park. Most desirable .for flat building. I have the cheapest east front in the block. Aldrich AV S, inside 27th, $750. Aldrich avenue S, inside of 33d, $350. Bryant avenue S, inside of 26th, east front, $850. Bryant av S, near 33d, $350. Very cheap. Emerson avenue S, near 28th, $550. Emerson avenue S, near Lake, $550. Fremont avenue S, near Lake, $400. Humboldt avenue S, inside 33d. east front, $*750. Harriet avenue S, near Lake, east front, $550. Garfield avenue, near Franklin, east front, $6**^,. Fremont avenue S, near Franklin, $1100. Logan avenue N, near 6th, $350. Fourth street N, near 27th, facing the park. Tenth avenue S, near 34th, $400. I will make building loans on any of above lots to good parties who will build. NO DELAY, RED TAPE OR DISAPPOINTMENT. v%~ CITYiSASIi Pit ONGS~rT. C. 96, N.. W. 96, 4730,4731, 4732 &| 'Tr some figures showing the increase in values since he first began to buy real estate in the city. Altho valueB were low at that time and the gains have been much more rapid than will likely be seen again, it is evident that Mr. Koon does not think that the time has past for buying real estate. Values are still low, lie holds, and the prospects held out to the discriminating investor are good. One bit of history will be interesting HOMES $1600No. 607 W 3Xst st. S rooms. city water. $1600No. 3127 Longfellow av S, 8 rooms and barn. $1500No. 2937 14th av S, 8 rooms, city water. $1800No. 3030 Cedar av, 8 rooms, city water, sewer. $2000No. 2643 Pillsbury av, 8 rooms, city water, sewer. $2500No. 2718 Grand av, 8 rooms, city water. $2750No. 201 E 25th st, 10 rooms, modern, barn. $3000No. 110 Highland av, 9 rooms modern, barn rental $300. Here is a bargain. $3500No. 3242 5th av S, 8 rooms, modern, barn. LOTS $650Prospect Park, a beautiful lot on Barton av. 60-foot front. View of river and city. $750Two blocks from Lake of the Isles, one block from Kenwood car line. East front lot, 50x135. $15033d av S and 29th st, 50x135 lot lays well. $950Corner 13th av and 24th st. Rented $90, 55x183. Good bargain. INVESTMENTS $4000No. 1201 to 1205 Western av, annual rental $650. $2750No. 721-723 W 31st st. an nual rental $380. $2100No. 1917 6th st S, two houses, annual rental $300. $1800No. 2110 11th av S, 8 rooms, annual rental $240. $800O32d st and Bloommgton av, store building and five dwellings, an nual rental, $966. $35000Flat building paying 15 per cent net. Investigate. These prices are below the owners' price, but will be submitted. Easy terms If desired. I. SCHDTT & SON 34* TEMPLE COURT $100.00 CUT IN PRI8K On that beautiful Kenwood Cottage of 6 rooms and bath, hard^wood floors and finish*-full line of open nickel plated plumbingup-to-date steam heating plantgas fixtures, window shadeseast front lot 50x150sod- ded and lawn walksnice trees the owner has authorized us to sell at $2900, which makes the price way below cost and an unusual bar gain for anyone wanting an up-to date, complete cottage home. Good terms can be arranged. Look this place over: 1970 Sheridan Ave. So. Kenwood car line. YALE REALTY CO. 206 So. 4th St. $800 CASINQS AND FRAMES. ALL KINDS OF MILL WORK. MAPLE FLOORING. BIRCH FLOORING. Barrett's Building Paper at Wholesale Prices on Tuesday, May 2nd in this connection. Judge Koon owns five-twelfths of the corner at Nicollet avenue and Sixth street, covered by the original Glass Block. With him are as sociated E. A. Merrill, who owns three twelfths, and Mrs. Nimocks, who owns four-twelfths. In 1881 they bought the first 90 feet on the avenue, with 132 feet depth, for $235 a front foot. In 1886 they bought the next 25. feet for $1,500 a front foot. In 1891 they were offered $2,500 a front foot and now, as far as he ie concerned, Mr. Koon refuses absolutely to put a figure on the land. Wants Local Capital. Otto E. Naegelc, president of the Ger mania bank, has a high opinion of Min neapolis real estate as an investment. He favors placing of local capital in land for improvement rather than the investment of foreign capital simply for speculation. While foreign capital placed in local realty for the purpose of investment and permanent improve ment will result in retention of a pro portion of the revenue in the city, spec ulation will result in the carrying away from Minneapolis the profits. Invest ment for revenue is what -Mr. Naegere advises. "Real estate offered as mortgage se curity to banks," he said, "we find is among the best securities, as the loans are exclusively confined to improved property. We find the same on a sub stantial basis of a rising market in real upstate, locally speaking. While we don't confine all loans, as a matter of fact, to this class of securities, owing to the length of time at which mort gages are usually made, nevertheless ex perience has taught us that loans based on a low valuation of real estate are counted as ready, assets, as they can be sold to corporations and private indi viduals having money to loan. The rates also make it an inducement, be sides the security offered upon a safe basis as collateral securities. "Doubtless our real estate is too low a fact perhaps more readily appreciated by nonresidents seeking a field for in vestments, with the object in view of improving the same for a revenue." E. W. Decker, vice president of the Northwestern National, would guard against a boom and indiscreet or indis- 2110 Aldrich Av. S. DBHHBHi LOT 1, Block 7, Badger & Penny's Ad. Grand Av., east front. Look it up. 9988 JOURNAL AT WHOLESALE PRICES smooR comm *vsj 3d jjuenue South and bth Strew what they feel? criminate buying simply because one thinks that everything, is going to ads vance. p. He said: I have great faith in the future of Minneapolis and consequently believe thatvthere is reason for a good .substantial advance in" real estate val ues among well selected pieces of prop erty. There will undoubtedly be also many indiscreet purchasers who may not profit thereby. I see no reason whv Minneapolis real estate is not a good, safe investment, provided good judg ment is used in making selections. Val ues here are lower than in almost any other city of equal size and prospects.0 Other bankers express the opinion that the country banks are loaded np with money which will,gradually seek cheap investment. Stocks and securities are generally well taken up. -Minne apolis real estate being lower than in other cities and the lowest thing in Minneapolis, is likely to get a share of the surplus funds. Residence Property Low. F. A. Chamberlain, president of the Security bank, said that in his opinion improved real estate at the present prices is a desirable investment which will, no doubt, show handsome increase in value. Residence property generally at present prices seems very low to Mr. Chamberlain, and he believes that any one looking for a home will no doubt find the present an opportune time to buy. This magnificent home is vacant and will be offered for sale for one week only at $1,500 less than our former asking price. If not sold this week, will be rented. House consists of 10 fine large rooms, with 4 fine mantels and grates first floor finished in extra heavy oak paneled reception hall, grand open stairway, artistic library, finely decorated dining room, fully equipped kitchen with stoves connected, and girl's room on first floor 4 sleeping rooms on second floor, large attic and full basement fine barn large east front lot. This house is in the choicest block in Sunny- side and cost to build about $14,000. Can sell for half this price if taken this w&fik Lots Cheap by Comparison. E. H. Moulton, secretary of the Farm ers' & Mechanics' bank, says that he has never seen a time Minneapolis Iwhen conditions were so favorable for Jreal estate investments. He added: "At no time in the city's history have prospects been so bright, not only in real estate, but other lines of business. Personally, I have always had the great est faith in Minneapolis real estate, which is lower in proportion to the I city's population and prospects than that of any city in the union. You can buy residence lots cheaper in Min neapolis today thanyou can in towns of 5,000 population. Within a year I have been offered lots at $400 apiece which sold in 1886 for $3,500." 2610Aldrich Av.S,J4000 This is a new 8-room house built less than two years ago every room fin- ished in hardwood hot water heat, fine laundry and beautiful built-in sideboard rooms large and light. Will submit offer of $4,000 for this property. 3325 Harriet A v. S,*3200 This fine new 7-room cottage will be completed this week and you can move right in fine oak finish lot to be graded and sodded stone walks, hot water heat, full basement, fine reception hall. This house must be seen to be appreciated. 2824 Emerson Av. N, This artistic home, arranged for two families, with fine barn to be con- verted into a house, will show a rental value $55 per month. Our price for this week only, $s,700. To be rented if not sold within 7 days. Near State University We have a new 10-room house that is the most remarkable bargain ever offered on the East Side. Bight in the midst of fine homes, only two blocks from the University. It will rent for $40 per month. It has 6 bedrooms, each of which will rent for $10 furnished full basement with laundry complete built-in sideboard, large reception hall, built-in window seat and every known convenience. This house is new, a gem, and worth $4,500, but we can and will sell it this week only for $3500, EAST TERMS Morrison-Crittenden Co., PHOENIX BUILBIN8. As Good as Gold, but ""pfS.*" 0 ESTATE A Solid Investment. Call, Telephone or Write for Our Printed List. David C. Bell, Prest. Jas. B. Sutherland, Treas. Walter A. Effffcstaa, Sec*y. Dm Cm Bell Inv'st Co. Ill SeWTH FOURTH ST. $6,000-YOU SHOULD SE THEM BEFORE YOU BUY-$6,BOO Two new, strictly modern homes one a corner in beautiful Lake of the Isles addition, with an unobstructed view of lake, corner Irving av and 25th st Douglas school district. First floor contains vestibule, library with man- tel and bookcases, dining room in oak with beautiful sideboard and sliding doors large parlor in mahogany, an up-to-date pantry and kitchen second floor has four bedrooms with six closets, full attic and basement, with com- bination heating plant, laundry, etc. hardwood floors throughout,' plain, beveled and beautiful art glass gas and electricity, with high grade fixtures. Expensive and elaborate decorations storm sash, screens, stone walks and steps complete and ready for occupancy. Owner on premises or corner Hennepin and Franklin. Flat 27. T. C. phone. 4141. A. FAS AN. Would vou go acrop the city to answer a Journal want ad which aaid merely: "House for Rent"? You would if you wanted a bouse, and'the ad enumerated thy features you were looking: for In a house. Kemember thi* when yon write a Journal want $dfor renting" or aw- thing else.- The principle the same. TU- satisf}s tbe a .'S^GdiS. -2 the story. People will go^to~.