Property Tax Appeal Board Decision 2005-24131-R-1 Ceh

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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: $ 4,907
IMPR. $31,592
TOTAL: $36,499
Subject only to the State multiplier as applicable.
PTAB/TMcG.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Peter Ceh
DOCKET NO.: 05-24131.001-R-1
PARCEL NO.: 14-31-129-025-0000
The parties of record before the Property Tax Appeal Board (PTAB)
are Peter Ceh, the appellant, by attorney Thomas M. Battista of
Rock, Fusco & Associates, LLC of Chicago and the Cook County
Board of Review (board).
The subject property consists of a 113-year-old, two-story,
three-unit apartment building of frame construction containing
1,960 square feet of living area and located in Lakeview
Township, Cook County. The apartment property includes two
bathrooms, a full basement and a one-car garage.
The appellant's counsel appeared before the PTAB and submitted
evidence claiming that the fair market value of the subject is
not accurately reflected in its assessed value as the basis for
this appeal.
The appellant argued that the subject's recent sale best
reflected the subject's market value. In support of this
argument, the appellant indicated through a settlement statement
that the class 2-11 subject was purchased on January 13, 2005 for
$365,000. The appellant argued that this improvement was wrecked
on April 18, 2005 and as evidence, submitted a permit to wreck
and a sworn affidavit of the building's demolition. The
appellant also requested occupancy factors be applied to the
property due to the removal of the old class 2-11 and the ongoing
construction of a 2006 class 2-78 single family building. Based
upon this evidence, the appellant requested a reduction in the
subject's total assessment to reflect the reduced market value.
The board of review submitted its "Board of Review Notes on
Appeal" wherein the subject's final total assessment of $36,499
and improvement assessment of $31,592, or $12.66 per square foot
of living area of a 113 year old class 2-11 building, was