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[Ryan Steele]

Rex Grossman takes a loss on Trump Tower condo

January 21, 2010

Former Chicago Bears quarterback Rex Grossman has taken a major loss on the sale of his 36th-floor condominium unit in Chicago's Trump International Hotel & Tower, unloading it for $2 million.

Now calling plays for the Houston Texans, Grossman, 29, closed on the sale of the 3,437-square-foot unit on Wednesday. The buyer is not yet identified in public records.

Grossman purchased the two-bedroom Trump unit in September 2008 for $2.681 million. Less than a year later, after the Bears informed him that he was not in their plans for the 2009 season, Grossman signed with the Texans and then placed the unit on the market for $2.349 million. He later reduced its asking price to 2.295 million. Features in the unit include Snaidero cabinetry, upgraded appliances, his-and-hers baths, hardwood floors and two parking spaces.

Grossman continues to own a three-bedroom town home in Lake Forest, which he currently has on the market for $849,000.
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Ryan D. Steele
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