Property Tax Appeal Board Decision 2003-23701-I-3 Midway Industrial Park, LLC

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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds no change in the assessments of the
property as established by the Cook County Board of Review is
warranted. The correct assessed valuations of the property are:
DOCKET NO. PARCEL NO. LAND IMPR. TOTAL
03-23701.001-I-3 19-05-400-014-0000 $148,458 $ 3,363 $ 151,821
03-23701.002-I-3 19-08-200-021-0000 $104,621 $ 8,467 $ 113,088
03-23701.003-I-3 19-08-200-025-0000 $ 83,720 $ 3,130 $ 86,850
03-23701.004-I-3 19-08-200-026-0000 $123,301 $ 4,912 $ 128,213
03-23701.005-I-3 19-08-201-017-0000 $ 13,269 $ 3,243 $ 16,512
03-23701.006-I-3 19-08-201-018-0000 $ 6,824 $ 1,008 $ 7,832
03-23701.007-I-3 19-08-201-021-0000 $625,912 $1,026,831 $1,652,743
03-23701.008-I-3 19-08-201-022-0000 $117,522 $ 10,004 $ 127,526
03-23701.009-I-3 19-08-201-023-0000 $ 4,542 $ 527 $ 5,069
03-23701.010-I-3 19-05-400-008-0000 $147,367 $ 130,704 $ 278,071
DOCKET NO. PARCEL NO. LAND IMPR. TOTAL
04-23832.001-I-3 19-05-400-008-0000 $147,367 $ 130,704 $ 278,071
04-23832.002-I-3 19-05-400-014-0000 $148,458 $ 3,363 $ 151,821
04-23832.003-I-3 19-08-200-021-0000 $104,621 $ 8,467 $ 113,088
04-23832.004-I-3 19-08-200-025-0000 $ 83,720 $ 3,130 $ 86,850
04-23832.005-I-3 19-08-200-026-0000 $123,301 $ 4,912 $ 128,213
04-23832.006-I-3 19-08-201-017-0000 $ 13,269 $ 3,243 $ 16,512
04-23832.007-I-3 19-08-201-018-0000 $ 6,824 $ 1,008 $ 7,832
04-23832.008-I-3 19-08-201-021-0000 $625,912 $1,026,831 $1,652,743
04-23832.009-I-3 19-08-201-022-0000 $117,522 $ 10,004 $ 127,526
04-23832.010-I-3 19-08-201-023-0000 $ 4,542 $ 527 $ 5,069
Subject only to the State multiplier as applicable.
PTAB/lbs/09
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Midway Industrial Park, LLC
DOCKET NO.: 03-23701.001-I-3 through 03-23012.009-I-3 and
04-23832.001-I-3 through 04-23832.010-I-3
PARCEL NO.: See below.
The parties of record before the Property Tax Appeal Board are Midway Industrial Park, LLC, the appellant, by attorney Harold J. Hicks of Madigan & Getzendanner, Chicago; the Cook County Board of Review by Assistant State's Attorney John J. Coyne; and the intervenor, Reavis Township High School District #220, by attorneys Robert E. Swain and Michelle A. Todd of Hodges, Loizzi, Eisenhammer, Rodick & Kohn, Arlington Heights.
The subject property consists of approximately a 58.5 acre, or 2,547,300+/- square feet, parcel improved with two one-story industrial/warehouse buildings of masonry construction approximately 47 years old. One of the subject's improvements contains 908,000 square feet of building area while the second improvement contains 61,600 square feet of building area, which includes 840 square feet of mezzanine area. Currently, these improvements are multi-tenant facilities.