It's good to be friends with the president.
David Axelrod, President Barack Obama's 2012 campaign strategist, purchased a high-rise Michigan Avenue condo last month for $1.7 million, according to the Chicago Tribune.
The 3,320-square-foot, 42nd-floor condo includes four bedrooms, a marble foyer, a view of Lake Michigan and a parking spot, the Tribune reports. Axelrod closed on the deal March 15. The home originally was listed last May for $2.25 million.
Axelrod, who left Washington in 2011 as Obama's senior advisor, previously lived in a high-rise Streeterville condo he purchased in 2002.
He said earlier this year he will refocus his political efforts after Obama's campaign ends in November and create a new Institute of Politics at the University of Chicago, his alma mater.
"My goal is to introduce more students to the spirit of public service," Axelrod said. "To me it's the most exciting, interesting and vital way to spend one's life, and it's a tremendous way for students to have an impact on the issues they care about. I hope to help fire those passions."