While NBC's Lester Holt is negotiating for a big salary increase, his son just bought a half a million dollar home in Chicago.

Stefan Holt, an Anchor at NBC O&O WMAQ in Chicago plunked down $520,000 for a three-bedroom, 1,800-square-foot condo on the fifth floor of a vintage building on Lake Shore Drive in the Windy City.

"My wife and I love living in the city and are thrilled to call East Lakeview home," Holt told Elite Street. "We instantly fell in love with the building's charm and the incredible location."

Holt's unit, recently renovated, had been listed for $525,000. It has a formal living room with new built-in bookshelves, 2 1/2 baths, refinished hardwood floors, window treatments and original molding.

Plus, if he has any trouble making the mortgage payments, we have a good idea who could help him out. 

H/T Chicago Tribune