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WI L M E T If ·E ;:; IJ IPB'i New Book on _:: M~rtgaies· · .. Wri~ten ·by S~uel: Reep A new book entitled "Second Mortgages and · Land Contracts in Reai Estate Financing," by Samuel N. ·Reep is just out. It covers all the important problems which arise in the financing of real estate and the making of permanent improvements . on land. The book describes how second mortgages can be secured to the best advantage ; when they can usually be secured; and when they should be discounted. The rights, duties, and liabilities of buyer, seller and broker are clearly outlined. The book also classifies the difference between second mortgages and land contracts. Sharp practices in connection · with second mortgage financing are dealt with cle~rly and at length and much accurate up-to-date information on this subject is given. Sixteen Pel"IQita · laaued, Five Being for New ·ReSidencesSchool Addition Costa $35,008 Sixteen building permits were issued in Winnetka during the month of Augus~, one of which was fo'r the $35,000 addition to the Skokie school. This aided in bringing the total for the month to $149,500, as against $236,100 in August a year ago. Five of the permits were for new residences costing $105,000; five were alterations, co.sting $7,000 and a like number were · for private garages, costing $2,500. Everett -R. Cook is building a nine room residence and attached garage, of stone, at 140 ~eadow lane, costing This·· Ideal ·Glencoe Home WNER is building larger house and will sacrifice for quick sale. Seven rooms and breakfast room, two baths, attached garage. Gas and magazine feed coal heating plant cross coDllected, permitting use of gas in mild weather and coal in mid winter. Ruud water heater, Kelvinator and other conveniences. Flaxlinum insulation. Designed and built as permanent residence for present owner by Robert E. Seyfarth. Up-to-date in every particular. The lot is llO x 180 feet, well wooded and situated on one of Glencoe's choicest residential streets. Three blocks from lake. Near school and station. House may be seen by appointment only. O Also Maple Hill Road Lot Overlooking Lake Inquire yau.r Broker or Am~rose ]. Barker has just sold the 42 apartment building containing 2 ano 3 room apartments at 4407-19 N. Lincoin street on a lof 100xl520 with a rental of over $28,000, at an undisclosed consideration subject to an encumberance of $164,500 to Maucle B. Karr and John. C. Karr .of Battle Creek, Michigan. This was purchased as an investment. Elmer E. Stults of E. E. Stults represented all parties to the transaction and will manage the property. 42 Apartment Building Sold toM. B. and J. C. Karr $4~0~~rmit was issued to Mr. Boorman for a _two story stone veneer and st?cco residence~ of 7 rooms, at 90 H1gh street, costmg $20,000. A. C. Julian took out permits for two residences on Ash street, each costing $10,000. They are to be two stork~. of brick, comprising 7 rooms and attach~d garage. One witt be at number 1228, the other at number 1249. A permit was issued to J. Winterbotham for a two story 7 room residen_ ce, of masonry construction, at 1288 Westmoor road, costing $20,000. J. C. ASPLEY, OwNER 230 Fairview Avenue, Glencoe, Illinois Telephones: Glencoe 711 or Longbeach 4000 We Offer for Sale KENILWORTH 7 rm. stucco residence, English type on beautiful corner lot, 4 bedrms .. 2 baths, att. garage, unusual at $27,500. OAK FLOORING NOT COSTLY A campaign, it is stated, is under- Fine Home Kenilworth · way by the oak flooring industry, to Lindsley foJ Arthur educate prospective home owners to the fact that oak flooring may be laid Outstanding among the many fine throughout a house at little greater homes which are being erected in cost than soft wood floors or sub- Kenilworth at this time is the one stitutes. which R. E. Crosby is building for Arthur ]. Lindsley, of Wilmette, at 260 LOAN FIRM PAYS 5 PER CENT Oxford road. It is of Spanish style, The Building and Loan Association brick construction, with steel casement of Evanston at the· close of the first doors and windows, tile stairways and six months of its business has de- bath rooms, a most elaborate design clared a 5 per cent annual dividend throughout. The grounds will be beauon savings accounts. There are 150 tifully lan~scaped with pools, rock garmembers in the association. dens, etc. in J. BUSINESS LOT For Sale Business lot in the heart of Deerfield, 157 x 1 38-$3o,oooT erms if desired. SOUTH EAST WINNETKA J u.st completed this Georgian Colonial of tapestry bnck, 7 rms . .- 4 bedrms., 2 baths, splendid value at $36,500. SOUTH WEST WINNETKA Now under construction this attractive 7 rm. home of English design, 4 bedrms., 2 baths, very interestingly arranged. Offered at $32,000. NORTH WINNETKA Ideally situated on a choicely wooded lot. The house is of brick and consists of 7 rms., 4 bedrms., 2 baths, att. gar. A rare bargain at $32,000. E. E. Stultz Realty Co. 460 WINNETKA AVE FRANK W. RUSSO, Realtor TELEPHONE DEERFIELD Telephones Wir'letka 1800. . 1801 130