David Axelrod unloads Nate Berkus-designed Water Tower Place condo for $2.5M

Democratic political strategist David Axelrod, best known for running Barack Obama’s presidential campaigns, sold his three-bedroom corner unit condo on the 42nd floor of Chicago’s Water Tower Place for $2.5 million, reported the Chicago Tribune on Tuesday.

Axelrod and his wife, Susan, picked up the 3,320-square-foot residence for $1.7 million back in 2012. Since then, it received a gut rehab by famous interior designer and TV personality Nate Berkus and Marvin Herman Associates. Updates include a revised floorplan, custom millwork and cabinetry, solid oak flooring, and a designer kitchen with high-end appliances, Calcutta marble countertops, and an attached breakfast room.

The Axelrods initially listed their Water Tower Place home in 2018 for $3.25 million and later reduced the asking price to $2.95 million, records show. The couple purchased a similarly-sized three-bedroom condo on the 44th floor of the Grant in the South Loop in the fall, according to the Tribune. The move south will probably make for a quicker commute to Hyde Park where David Axelrod serves as director of the University of Chicago’s Institute of Politics.