Real Estate
Soon he gave up his law practice to take up real-estate development. With partners Luther L. Greenleaf, Cyrus P. Leland and John P. Wilson he formed the Ravenswood Land Company. The company purchased 200 acres (0.81 km2) of land near the Chicago and Great Western Railroad tracks in what is now—not coincidentally–the Ravenswood neighborhood on Northwest Side of Chicago.
The company planned and developed land in Evanston. In 1868, Kedzie and Greenleaf moved to Evanston and were instrumental in laying out the Kedzie and Keeney’s addition, which formed the nucleus of South Evanston. He was also involved in founding and developing Ravenswood and took an active part in laying out the Lurton and Kedzie addition to Jacksonville.
Kedzie built his home in Evanston on Ridge Avenue. Unfortunately his home burned down in 1873 and after rebuilding, the new home also burned in 1880. The third home on the same lot in Evanston stood firm.
Read more about this topic: John H. Kedzie
Famous quotes related to real estate:
“It is not quite safe to send out a venture in this kind, unless yourself go supercargo. Where a man goes, there he is; but the slightest virtue is immovable,—it is real estate, not personal; who would keep it, must consent to be bought and sold with it.”
—Henry David Thoreau (1817–1862)