Assessments seem alittle high but what are you getting (common element and/or area amineties ie pool, workout room, laundry, doorman, onsite maint., elevators, partyrm etc.) Findout what the assoc. budget is and how much money (reserves) they have in the bank. cheers Jim
Properties in that area are pretty popular. With more construction going on, it's always hard to know what resale will be on certain properties. It partially depends on how long she'll hold onto it. Being that the location is very desirable, one would deduce that it should be no problem and that the property would continue to appreciate.
I am concerned about the assessment fees though. I find that to be very high and would definitely look closely at it in terms of how those things price out individually if she were paying them.
Please feel free to contact me if I can assist you as I do work in Chicago!