2851 W Rascher Ave Chicago, IL 60625
Lincoln Square NeighborhoodEstimated payment $18,312/month
Highlights
- Second Kitchen
- In Ground Pool
- Deck
- Home Theater
- Fireplace in Primary Bedroom
- Property is near a park
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,519
Year Built
- Built in 1947 | Remodeled in 2005
Lot Details
- Lot Dimensions are 120 x 125
- Fenced
- Paved or Partially Paved Lot
- Additional Parcels
Parking
- 4 Car Garage
- Driveway
- Off-Street Parking
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 12,000 Sq Ft Home
- 2-Story Property
- Built-In Features
- Fireplace in Grand Entry Hall
- Bay Window
- Window Screens
- Great Room with Fireplace
- 4 Fireplaces
- Family Room
- Sitting Room
- Living Room
- Formal Dining Room
- Home Theater
- Home Office
- Game Room
- Lower Floor Utility Room
- Wood Flooring
Kitchen
- Second Kitchen
- Double Oven
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry in multiple locations
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Finished Basement Bathroom
Home Security
- Intercom
- Carbon Monoxide Detectors
Pool
- In Ground Pool
- Spa
Outdoor Features
- Balcony
- Deck
Location
- Property is near a park
Utilities
- Central Air
- Heating System Uses Natural Gas
- 200+ Amp Service
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Budlong Woods Subdivision
Recreation
- Tennis Courts
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,241 | $50,536 | $14,813 | $35,723 |
| 2023 | $10,951 | $54,371 | $12,000 | $42,371 |
| 2022 | $10,951 | $54,371 | $12,000 | $42,371 |
| 2021 | $10,712 | $54,370 | $12,000 | $42,370 |
| 2020 | $9,567 | $43,968 | $7,125 | $36,843 |
| 2019 | $9,639 | $49,108 | $7,125 | $41,983 |
| 2018 | $9,477 | $49,108 | $7,125 | $41,983 |
| 2017 | $5,770 | $27,917 | $6,375 | $21,542 |
| 2016 | $5,426 | $27,917 | $6,375 | $21,542 |
| 2015 | $4,957 | $27,917 | $6,375 | $21,542 |
| 2014 | $4,331 | $24,190 | $5,625 | $18,565 |
| 2013 | $5,900 | $33,754 | $5,625 | $28,129 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2025 12/01/25 | Price Changed | $2,900,000 | 0.0% | $242 / Sq Ft |
| 12/01/2025 12/01/25 | For Sale | $2,900,000 | -- | $242 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12449063
APN: 13-12-111-003-0000
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