Property Tax Appeal Board Decision 2005-20491-R-1 TR Sienna Partners, LLC

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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: $11,242
IMPR. $ -0-
TOTAL: $11,242
Subject only to the State multiplier as applicable.
PTAB/TMcG. 10/08
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: TR Sienna Partners, LLC
DOCKET NO.: 05-20491.001-R-1
PARCEL NO.: 11-18-122-007-0000
The parties of record before the Property Tax Appeal Board (PTAB) are TR Sienna Partners, LLC, and the appellant, by attorney Edwin Wittenstein of Worsek & Vihon LLP of Chicago and the Cook County Board of Review (board).
The above Docket was heard in conjunction with Docket No. 06-20831.001-R-1.
The subject property consists of an 88-year-old, three-story, three-unit apartment building of masonry construction containing 5,394 square feet of living area and located in Evanston Township, Cook County. The apartment property includes three and one half bathrooms, a full basement and a three-car garage.
The appellant, through counsel, appeared before the PTAB and submitted evidence claiming unequal treatment in the assessment process as the basis of the appeal. In support of this argument, the appellant offered an affidavit from the appellant testifying that the subject was purchased in September 2003 and that the improvements were wrecked and removed in September 2004. In addition, the appellant submitted an invoice dated September 20, 2004 for the subject's wrecking costs. The record indicated that the subject's 2004 improvement assessment was revised by stipulation from $64,342 to $42,895 under PTAB docket 2004-21122. The subject property is part of an assemblage for a condominium development. Based on this evidence the appellant requested that the subject be assessed as vacant land for 2005 and 2006.
The board of review submitted its "Board of Review Notes on Appeal" wherein the subject's final improvement assessment of $42,895, or $7.95 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 quarter mile of the subject. The comparables consist of two-story, two or four-unit buildings of masonry construction. The comparables are 91 or 104 years old and have full basements, one with air conditioning. The comparables have two or four