Top Obama strategist David Axelrod buys $1.7 million condo

One of President Obama's closest political advisers is moving on up to a deluxe Chicago condo.

David Axelrod, who is currently communications director for Obama's re-election campaign, paid $1.7 million last month for the 3,320-square-foot apartment on the 42^nd floor of a Michigan Avenue high-rise, the Chicago Tribune reports.

The 4-bedroom/4-½ bath unit features views of Lake Michigan, a marble foyer, his and hers baths in the master suite, and a garage space.

A former newspaper reporter, Axelrod, 57, worked as a senior adviser in the Obama White House from 2009 to 2011 before leaving to join the re-election team. He also served as a key adviser during Obama's 2008 presidential run.

Axelrod, who often calls himself a "Chicagoan on assignment," has always kept a residence in his hometown, despite his time in Washington. He plans to head up the Institute of Politics at his alma mater, the University of Chicago, after the 2012 race concludes in November.