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 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.
Budlong Woods, located between Lincoln Square and West Ridge, is a residential and leafy Chicago neighborhood with brick bungalows and a calm, tree-lined street grid. The neighborhood’s character concentrates around the Peterson Ave and Lincoln Ave corridor, where small groceries, casual eateries, and everyday services keep the sidewalks active. Classic Chicago courtyard buildings mix with tidy single-family homes, giving the blocks a steady, lived-in rhythm. North Park University and nearby riverfront green space add an academic-and-outdoors backdrop. The North Branch of the Chicago River traces the area’s edge, shaping pocket parks and walking routes. Transit along Peterson and Western ties the neighborhood to surrounding commercial strips without changing its quiet tone.
Provided by Walk Score and Local Logic
Market insights
2851 W Rascher Ave · $1,700,000
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
LIST PRICE
$1,700,000
Median sale price in this area is $399,175. (77% lower than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
First-floor bedroom and first-floor full bath
Built-in features
Walk-in closets
Finished daylight basement with full bath and rec/family areas
Screens on windows
Intercom
CO detectors
16 total rooms
Bedrooms
6 bedrooms total
Master bedroom on the second floor with double sinks, whirlpool and separate shower
Bedroom 2 (second floor, hardwood)
Bedroom 3 (second floor, hardwood)
Bedroom 4 (second floor, hardwood)
Bedroom 5 (second floor, hardwood)
Bedroom 6 (second floor, hardwood)
Bathrooms
5 full bathrooms
2 half bathrooms
Basement includes bathroom(s)
Kitchen
Main kitchen with island, eating area/table space and granite counters
Second kitchen
Double oven
Range hood
Microwave
Dishwasher
High-end refrigerator
Wine refrigerator
Laundry & utility
Upper-level laundry (in unit) with multiple laundry locations
Washer and dryer included
Utility room on lower level
Flooring
Hardwood flooring throughout main living areas and many bedrooms
Carpet in theater room and basement family room
Heating & cooling
Natural gas and electric heating
Central air conditioning
Fireplaces
Four fireplaces located in the master bedroom, basement, grand entry hall and great room
Exterior features
In-ground pool
Hot tub
Deck
Balcony
Fenced yard
Other outdoor features
Home design
Detached single-family home
Two-story design
Fee simple ownership
Rehab completed in 2005
Built before 1978
Parking
Attached garage (owned) with garage door opener
Concrete surfaces
4 garage spaces
8 total parking spaces including off-street parking
Security
CO detectors
Intercom
Construction
Brick construction
Asphalt roof
Concrete perimeter foundation
Estimated living area
Property age approximately 71–80 years
Utilities
Public water
Public sewer
200+ amp electric service with circuit breakers
HOA & community
No master association fee required
Community amenities include park, pool, tennis courts, curbs, sidewalks, street lights and paved streets
Other
Property is not currently leased
Parcel includes additional parcels
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS1 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational/school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60625
Average low and high temperatures (°F)
31
17
39
25
55
35
62
44
68
50
83
64
87
70
83
67
80
61
69
52
52
39
38
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
69/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Chicago. There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.6 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2851 W Rascher Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $849,000 and $1,700,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $849K to $1.7M.