Property Tax Appeal Board Decision 2003-27716-R-1 Barasch

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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: $ 2,805
IMPR. $18,836
TOTAL: $21,641
Subject only to the State multiplier as applicable.
PTAB/TMcG.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Bernard Barasch
DOCKET NO.: 03-27716.001-R-1
PARCEL NO.: 13-35-122-032-0000
The parties of record before the Property Tax Appeal Board (PTAB)
are Bernard Barasch, the appellant, by attorney Michael E. Crane
of Crane and Norcross of Chicago, and the Cook County Board of
Review (board).
The subject property consists of a 102-year-old, two-story, two-unit
apartment building of frame construction containing 1,814
square feet of living area and located in Jefferson Township,
Cook County. The apartment property includes two bathrooms, no
basement and a one-car garage.
The appellant, through counsel, submitted evidence before the
PTAB claiming unequal treatment in the assessment process as the
basis of the appeal. In support of this argument, the appellant
offered three suggested comparable properties located within a
quarter mile of the subject. These properties consist of two or
three-story, two or three-unit apartment buildings of masonry
construction and range in age from 74 to 92 years. The
comparables include two or three bathrooms, one with a half bath,
two with basements and each has a one or two-car garage. The
comparables contain between 2,760 and 5,091 square feet of living
area and have improvement assessments ranging from $21,953 to
$32,768 or from $6.39 to $7.95 per square foot of living area.
In addition, the appellant requested relief due to the subject's
diminished income due to vacancy and requested a 50% vacancy
factor. Based on this evidence, the appellant requested a
reduction in the subject's assessment.
The board of review submitted its "Board of Review Notes on
Appeal" wherein the subject's final improvement assessment of
$18,836, or $10.38 per square foot of living area, was disclosed.
In support of the subject’s assessment, the board of review
offered three suggested comparable properties located within a