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.
Active
Price cut: $400K (2/26)
$2,500,000
2851 W Rascher Ave, Chicago, IL 60625
6beds
12,000sqft
Est.:
Single Family Residence
Built in 1947
0.34 Acres Lot
$-- Zestimate®
$208/sqft
$-- HOA
What's special
- 21 days |
- 2,323 |
- 97 |
Zillow last checked: 7 hours ago
Listing updated: March 03, 2026 at 10:06pm
Listing courtesy of:
Barbara O'Connor 773-491-5631,
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 12578187
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Rooms
- Room types: Kitchen, Balcony/Porch/Lanai, Bedroom 5, Bedroom 6, Game Room, Great Room, Office, Sitting Room, Theatre Room, Utility Room-Lower Level, Walk In Closet
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full, Double Sink, Whirlpool & Sep Shwr)
- Level: Second
- Area: 380 Square Feet
- Dimensions: 20X19
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Second
- Area: 285 Square Feet
- Dimensions: 19X15
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Second
- Area: 234 Square Feet
- Dimensions: 18X13
Bedroom 4
- Features: Flooring (Hardwood)
- Level: Second
- Area: 255 Square Feet
- Dimensions: 17X15
Bedroom 5
- Features: Flooring (Hardwood)
- Level: Second
- Area: 156 Square Feet
- Dimensions: 13X12
Bedroom 6
- Features: Flooring (Hardwood)
- Level: Second
- Area: 220 Square Feet
- Dimensions: 20X11
Balcony porch lanai
- Level: Second
- Area: 128 Square Feet
- Dimensions: 16X8
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Family room
- Features: Flooring (Carpet)
- Level: Basement
- Area: 780 Square Feet
- Dimensions: 30X26
Game room
- Level: Basement
- Area: 490 Square Feet
- Dimensions: 35X14
Great room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 1295 Square Feet
- Dimensions: 37X35
Kitchen
- Features: Kitchen (Eating Area-Table Space, Island, Granite Counters), Flooring (Hardwood)
- Level: Main
- Area: 384 Square Feet
- Dimensions: 24X16
Kitchen 2nd
- Features: Flooring (Hardwood)
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13X12
Laundry
- Level: Second
- Area: 30 Square Feet
- Dimensions: 6X5
Living room
- Level: Main
- Area: 494 Square Feet
- Dimensions: 26X19
Office
- Features: Flooring (Hardwood)
- Level: Main
- Area: 448 Square Feet
- Dimensions: 32X14
Other
- Features: Flooring (Carpet)
- Level: Basement
- Area: 494 Square Feet
- Dimensions: 26X19
Other
- Level: Basement
- Area: 240 Square Feet
- Dimensions: 16X15
Walk in closet
- Level: Second
- Area: 114 Square Feet
- Dimensions: 19X6
Heating
- Natural Gas, Electric
Cooling
- Central Air
Appliances
- Included: Double Oven, Microwave, Dishwasher, High End Refrigerator, Washer, Dryer, Wine Refrigerator, Range Hood
- Laundry: Upper Level, In Unit, Multiple Locations
Features
- Wet Bar, 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features, Walk-In Closet(s)
- Flooring: Hardwood
- Windows: Screens
- Basement: Finished,Rec/Family Area,Full,Daylight
- Number of fireplaces: 4
- Fireplace features: Master Bedroom, Basement, Grand Entry Hall, Great Room
Interior area
- Total structure area: 0
- Total interior livable area: 12,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Off Street, Owned, Garage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony, Other
- Pool features: In Ground
- Has spa: Yes
- Spa features: Outdoor Hot Tub
- Fencing: Fenced
Lot
- Size: 0.34 Acres
- Dimensions: 120 X 125
Details
- Additional parcels included: 13121110610000,13121110040000
- Parcel number: 13121110030000
- Special conditions: None
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1947
- Major remodel year: 2005
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Pool, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
- Subdivision: Budlong Woods
HOA
- Services included: None
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $543,700
- Annual tax amount: $32,989
- Date on market: 2/26/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Price change | $2,500,000-13.8%$208/sqft |
Source:  MRED as distributed by MLS GRID #12578187 Report a problem | ||
| 2/5/2026 | Listed for sale | $2,900,000$242/sqft |
Source: MRED as distributed by MLS GRID #12561616 Report a problem | ||
| 2/5/2026 | Listing removed | $2,900,000$242/sqft |
Source: MRED as distributed by MLS GRID #12449063 Report a problem | ||
| 12/1/2025 | Listed for sale | $2,900,000+673.3%$242/sqft |
Source: MRED as distributed by MLS GRID #12449063 Report a problem | ||
| 1/19/2000 | Sold | $375,000$31/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $11,241 +2.6% | $54,370 |
| 2022 | $10,951 +2.2% | $54,370 |
| 2021 | $10,712 +12% | $54,370 +23.7% |
| 2020 | $9,567 -0.8% | $43,968 -10.5% |
| 2019 | $9,639 +1.7% | $49,108 |
| 2018 | $9,477 +64.2% | $49,108 +75.9% |
| 2017 | $5,770 +6.3% | $27,917 |
| 2016 | $5,426 +9.5% | $27,917 |
| 2015 | $4,957 +14.5% | $27,917 +15.4% |
| 2014 | $4,331 -26.6% | $24,190 -28.3% |
| 2013 | $5,900 +1.1% | $33,754 |
| 2012 | $5,833 -27.7% | $33,754 -34.9% |
| 2011 | $8,071 +0.4% | $51,824 |
| 2010 | $8,038 +5.5% | $51,824 |
| 2009 | $7,618 +14.4% | $51,824 +4.1% |
| 2008 | $6,657 +3.7% | $49,767 |
| 2007 | $6,419 +3.3% | $49,767 |
| 2006 | $6,217 +44.3% | $49,767 +72.1% |
| 2005 | $4,308 +1.8% | $28,916 |
| 2004 | $4,231 -0.6% | $28,916 |
| 2003 | $4,258 -5.2% | $28,916 +15.6% |
| 2002 | $4,493 +43.2% | $25,008 |
| 2001 | $3,139 +18.6% | $25,008 +30.7% |
| 2000 | $2,646 -0.4% | $19,137 +29.5% |
| 1999 | $2,658 | $14,776 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$17,038/mo
Principal & interest
$12892
Property taxes
$4146
More affordability tools
Climate risks
Neighborhood: Budlong Woods
Getting around
59 / 100
Good TransitNearby schools
GreatSchools rating
- 5/10Jamieson Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 6/10Amundsen High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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