Property Tax Appeal Board Decision 2000-24226-C-3 Pullman Wheelworks Assoc. I

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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds a reduction 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: see page 16
IMPR.: see page 16
TOTAL: see page 16
Subject only to the State multiplier as applicable.
PTAB/mmg
1 of 19
PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Pullman Wheelworks Association I
DOCKET NOS.: 00-24226.001-C-3 & 01-24623.001-C-3
PARCEL NO.: 25-14-100-040-0000
The parties of record before the Property Tax Appeal Board
(hereinafter PTAB or the Board) are Pullman Wheelworks
Association I(Pullman), the appellant, by Attorney Paul J.
Reilly, of Chicago; the Cook County Board of Review (hereinafter
the board of review or the board) by Assistant State's Attorney
Charles Cullinan of the Cook County State's Attorney's Office;
and the intervenor, the Chicago Board of Education (CBOE), by
Attorneys Ares G. Dalianis and Kory A. Atkinson, of the law firm
of Franczek Sullivan, P.C., of Chicago.
At hearing, the parties requested that the PTAB consolidate both
appeals for years 2000 and 2001. Originally, there existed
another appeal for tax year 2002; however, the parties agreed to
withdraw the 2002 appeal. The PTAB allowed the withdrawal of the
2002 appeal and the consolidation of the 2000 and 2001 appeals.
The intervenor is not a party to the 2000 appeal, and,
accordingly, will not be allowed to participate in those matters
pertaining to the 2000 appeal. Any intervenor arguments will
only be considered by the PTAB as applicable for assessment year
2001.
The subject property consists of a three-story, masonry
constructed, flat-roofed, L-shaped, 210-unit residential
apartment complex, with an additional 14 units for
commercial/storage. The subject is situated on a 445,202 square
foot, irregularly shaped, corner land parcel. Of the 210
residential units, all of the leases exist under the Housing and
Urban Development's (HUD) Section 8 subsidized housing for low
income residents. The subject property was originally
constructed in the late 19th century, in approximately the
1890's, and was converted to multi-family in 1981. Prior to 1981