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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds 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: $ 7,575
IMPR.: $ 36,918
TOTAL: $ 44,493
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Aslan & Hanko Kraja
DOCKET NO.: 04-27922.001-R-1
PARCEL NO.: 13-12-115-040-0000
The parties of record before the Property Tax Appeal Board are Aslan & Hanko Kraja, the appellants, by attorney Peter A. Cantwell with the law firm of Cantwell & Cantwell, Chicago, and the Cook County Board of Review.
The subject property consists of a 49-year-old, two-story, three unit, multi-family dwelling of masonry construction containing 3,332 square feet of living area and sited on a 5,670 square foot parcel. Features of the building include five full bathrooms, a full-finished basement apartment and a two-car detached garage.
The appellants, through counsel, appeared before the Property Tax Appeal Board claiming unequal treatment in the assessment process as the basis of the appeal. In support of this claim, the appellants submitted assessment data and descriptive information on four properties suggested as comparable to the subject. The appellants also submitted a two-page brief, photographs of the subject and the suggested comparables as well as a copy of the board of review's decision. Based on the appellants' documents, the four suggested comparables consist of two-story, multi-family dwellings of masonry construction located within close proximity to the subject. Two comparables are located on the same street and block as the subject. The improvements range in size from 3,436 to 4,540 square feet of living area and range in age from 49 to 53 years. The comparables contain three or four full bathrooms and a full-finished or unfinished basement. One comparable contains a three-car detached garage. The improvement assessments range from $9.15 to $11.04 per square foot of living area. The four suggested land comparables range in size from 5,625 to 7,018 square feet and have land assessments of $1.34 per square foot. The appellants also submitted income and expense data as well as a vacancy-occupancy affidavit.