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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds a no change in the assessment of the
property as established by the COOK County Board of Review is
warranted. The correct assessed valuation of the property is:
LAND: $ 24,000
IMPROV: $ 62,502
TOTAL: $ 86,502
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Natalie Saltiel
DOCKET NO.: 05-23066.001-R-1
PARCEL NO.: 14-08-412-016
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB) are Natalie Saltiel, the appellant, by
Attorney Melissa K. Whitley with the law firm of Marino &
Associates in Chicago; and the Cook County Board of Review.
The subject property consists of 7,500 square foot parcel
improved with a 97-year old, three-story, masonry, multi-family
dwelling with six apartments therein. The improvement contains
12,180 square feet of living area as well as six baths, a full
basement, and a two-car garage.
At hearing, the appellant raised two issues: first, that there
was unequal treatment in the assessment process of the
improvement; and secondly, that the subject as an income-producing
property was overvalued as the bases of this appeal.
The appellant's pleadings included data, descriptions, and
photographs of three suggested comparables located within a range
from 13 to 20 blocks' distance of the subject. These properties
are improved with a three-story, masonry, multi-family dwelling.
Properties #1 and #2 contain three apartments, while this data
was unavailable for property #3. They range in age from 75 to 88
years and in size from 6,250 to 10,236 square feet of living
area. Amenities include a full basement, while two properties
also contain a garage. The improvement assessments range from
$4.11 to $4.80 per square foot.
Moreover, the appellant's attorney submitted an actual and
expense analysis. The attorney developed an income approach to
value utilizing the subject properties actual income and expense
data reflected on tax returns and rent rolls for tax years 2003