2851 W Rascher, Chicago IL 60625
Listing Agent
-
Barbara O'Connor
773.491.5631 | Email | About
- Beds 6
- Baths 5.2
- Taxes $36,519
- Payment Estimate View Mortgage Calculator
Request Private Showing
Property Description
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.
Features & Information
Key Details
- List Price $4,350,000
- Property Taxes $36,519
- Square Feet 12000
- Price/ Sq. Ft. $362.50
- Year Built 1947
- Status Active (Private)
Rooms
- Basement F
-
Living Room
- Floor Level N/A
-
Family Room
- Floor Level N/A
-
Dining Room
- Floor Level N/A
-
Basement
- Bathroom(s) in Basement Y
Additional Rooms
-
Additional Room 1
- Additional Room 1 Name Laundry
Interior Features
-
Heating & Cooling
- Air Conditioning Central Air
Exterior Features
-
Building Information
- Age of Building 71-80 Years
- Foundation Concrete Perimeter
- Exposure North,South,East,West
Location
- County Cook
- Corporate Limits Chicago
- Directions to Property Foster To California, North To Rascher, West To 2851.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 36519
- Tax Year 2023
- Tax Exemptions Homeowner
- Parcel Identification Number 13121110030000
-
Lot Information
- Dimensions 120 X 125
Based on information submitted to the MLS GRID as of 8/20/2025 3:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Budlong Woods
Quiet streets, tree-shaded homes, scenic riverside landscapes, and a mix of cultural backgrounds contribute to the charm of this north side Chicago neighborhood. Sprouting from the site of a pickle farm which was Chicago's primary pickle supplier in the mid 1800s, Budlong Woods has developed into a beautiful setting to raise a family. The large wooded expanse of Legion Park is on its western edge, a wonderful place for short hikes or nature sightings. And many of Budlong Woods' properties boast sizeable private lots that are ideal for letting the kids play outdoors and expend some of that never ending energy. Up on Lincoln Avenue, residents will get their fill of the outside world with convenient grocery stores and an international array of dining options.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.