2851 W Rascher Avenue
Chicago, IL, 60625 $ 2,900,000
Bedrooms6 Baths5.2 Sq 12,000 Monthly Estimate*
$ 18,092
for $2,900,000 with 6 bedrooms and 5 full baths, 2 half baths. This 12,000 square foot home was built in 1947.
WELCOME TO THE RASCHER MANSION. Situated in the highly sought-after northwest corner of Lincoln Square in Budlong Woods, this home is the epitome of chic urban living-a captivating destination for those in search of a true standout residence. Set on an expansive 120' x 125' lot (no alley gives home added 10' in depth) and offering approximately 12,000 sq ft of luxurious living space, the mansion effortlessly blends grandeur, comfort, and sophisticated design. As you enter, you're greeted by two distinct living areas. One features soaring 18-foot ceilings, a European-crafted floor-to-ceiling fireplace mantle, and a custom wet bar-creating a dramatic gathering space. Adjacent, large south-facing windows flood the second living room with natural light and frame sweeping views of the backyard, with effortless access to a deck that leads to an inviting in-ground pool, a multi-use court, and a full side yard. The heart of the home is a chef's dream: a vast, open kitchen flows seamlessly into the dining area, anchored by an oversized island with seating for ten, abundant cabinetry, premium appliances, and a dedicated beverage center. Just off the main floor is a sophisticated home office complete with a cozy sitting area and a full bath-designed for both productivity and privacy. Graceful staircases ascend to the second level-and descend to the lower level-creating a sense of connection across all floors. On the upper level, six spacious bedrooms are arranged around four full bathrooms, three of which are en suite. The lavish primary suite is a private retreat unto itself, featuring a sitting room, a private office, a stately bedroom, a marble-clad bath, its own balcony, and a dedicated laundry area. A secondary laundry hook-up in one of the bedrooms adds exceptional convenience.The lower level is built for entertainment and recreation. Here, you'll find a two-lane bowling alley (yes, really), a full theater room, a fitness center complete with a third laundry hook-up, and an expansive family room-ideal for leisure, exercise, or hosting events. Stepping outside, the fun continues. Beyond the deck lies a below-ground pool with a hot tub nestled into the landscape. The adjacent multi-sport court accommodates basketball, tennis, pickleball-or even a child's tricycle-while a generously sized playset invites endless imaginative play. A four-car garage, beautiful pavers, and thoughtful landscaping complete the outdoor tableau. Beyond the property's gates, the neighborhood charms persist. Just steps away are the serene walking trails of Legion Park-affectionately dubbed "Bicycle Paradise"-the scenic riverwalk, lush parks, and a vibrant Nature Center. Lincoln Square's best restaurants and Andersonville's boutiques are minutes away, offering cultural depth without the hustle of congestion. This is more than simply a home-it's a rare urban refuge where luxury, leisure, and lifestyle converge. Welcome to your own private oasis in the city.
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FeaturesGeneralLiving Area 12000
Sewer Public Sewer
Heating Natural Gas Electric
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Double Oven Microwave Dishwasher High End Refrigerator Washer Dryer Wine Refrigerator Range Hood
Garage Spaces 4
Association Fee Includes None
Construction Materials Brick
Year Built 1947
Electric Circuit Breakers 200+ Amp Service
Township Jefferson
Tax Year 2023
Ownership Fee Simple
Community Features Park Pool Tennis Court(s) Curbs Sidewalks Street Lights Street Paved
Additional Parcels Description 13121110610000 13121110040000
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Subdivision Name Budlong Woods
Total Rooms 16
Full Baths 5
Status Active
Directions Foster to California North to Rascher West to 2851.
City Chicago
High School District 299
MLS Area CHI - Lincoln Square
Tax Annual Amount 36519
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorInterior Amenities Wet Bar 1st Floor Bedroom 1st Floor Full Bath Built-in Features Walk-In Closet(s)
Basement Finished Rec/Family Area Full Daylight
Flooring Hardwood
Total Fireplaces 4
Half Baths 2
Laundry Features Upper Level In Unit Multiple Locations
Total Bedrooms 6
Room Type Kitchen Balcony/Porch/Lanai Bedroom 5 Bedroom 6 Game Room Great Room Office Sitting Room Theatre Room Utility Room-Lower Level Walk In Closet
Total Baths 7
Bedrooms Possible 6
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ExteriorExterior Amenities Balcony Hot Tub Other
Parking Features Concrete Garage Door Opener Yes Garage Owned Attached Off Street Owned Garage
Water Source Public
Total Parking 8
Foundation Details Concrete Perimeter
Lot Dimensions 120 X 125
Waterfront Y/N N
Other Equipment Intercom CO Detectors
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* Excluded FeaturesList Bybarbara.oconnor@bairdwarner.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,092
- Monthly Property Taxes
- $3,043
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Chicago, IL
Average List Price $537,322
Percent of Sale Price 81%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/1/2025 | $2,900,000 | | Listed Price |