512 Madison Ln, Elgin, IL 60123
Property image
Property image
OFF MARKET

$331,200

Trulia Estimate
  • 2 Beds
  • 2.5 Baths

512 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $2,424/mo*
Refinance Your Home
Currently Off Market - Sold Aug 29, 2023 for $280,000

Home Value

Trulia Estimate
$331K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$8K (+2.4%)
Since last sale
Increased$50K (+18%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +79% in the last 10 years
MonthEstimated value
2026
September 2026$330K
August 2026$332K
July 2026$332K
June 2026$337K
May 2026$338K
April 2026$336K
March 2026$332K
February 2026$325K
January 2026$322K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
550 Madison Ln, Elgin, IL
0.09
Townhouse
$333,700
03/20/26
2
2.5
1,783
503 Shagbark Dr #503, Elgin, IL
0.46
Townhouse
$300,000
09/26/25
2
2.5
2,058
514 Madison Ln, Elgin, IL
0.01
Townhouse
$310,000
11/18/25
2
2.5
1,771
519 Shagbark Dr, Elgin, IL
0.49
Townhouse
$355,000
03/09/26
3
3.5
2,080
2133 Colorado Ave, Elgin, IL
0.44
Townhouse
$218,000
12/18/25
3
2
1,200
514 Shagbark Dr, Elgin, IL
0.54
Townhouse
$343,345
11/19/25
2
3.5
2,708
510 Shagbark Dr #510, Elgin, IL
0.53
Townhouse
$365,000
10/10/25
3
3
1,538
850 Millcreek Cir, Elgin, IL
0.80
Townhouse
$307,000
11/02/25
2
2
1,449
805 Millcreek Cir, Elgin, IL
0.81
Townhouse
$297,000
11/18/25
2
2
1,904

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
514 Madison Ln, Elgin, IL 60123
0.01
$310,000
2
2.5
1,771
Recently Sold
516 Madison Ln, Elgin, IL 60123
0.01
$358,700
2
2.5
1,783
Off Market
515 Madison Ln, Elgin, IL 60123
0.03
$420,000
3
2
2,083
Recently Sold
519 Madison Ln, Elgin, IL 60123
0.04
$431,400
3
2
2,092
Off Market
550 Madison Ln, Elgin, IL 60123
0.09
$333,700
2
2.5
1,783
Recently Sold
550 Madison Ln #550, Elgin, IL 60123
0.09
$363,800
2
2.5
2,000
Off Market
568 Madison Ln, Elgin, IL 60123
0.10
$452,800
3
3
1,600
Off Market
560 Madison Ln, Elgin, IL 60123
0.11
$458,300
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.11
$449,800
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.11
$413,200
3
3
1,600
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.10
-
3
2.5
1,764
Off Market

Local Information

  • Map ViewExplore the area around 512 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 2007
2 Car Garage
HOA $245/mo

About this House

Welcome to this bright and open townhome-2 bedroom plus loft, 2.5 bathroom, 2 car attached garage with a full English basement that awaits your finishing touches. Private covered entry that leads into spacious tiled foyer. Renovated kitchen that includes recessed lighting, white shaker style cabinets, quartz countertops with bar seating. Mudroom/laundry room has its own closet, and cabinets for extra storage. Primary bedroom has a full bathroom including a shower and jacuzzi with a double sink and huge walk-in closet. Easily convert the loft into a 3rd bedroom or an office. Spend the rest of your summer and fall nights on the cozy deck that backs into beautiful trees and a nearby playground. Everything about this house screams single family home but with maintenance free amenities. New roof. New driveway. Recently stained deck. Sounds mechanicals. Walk to Trinity Terrace Park, 1 min away from Randall Rd, I-90 and Downtown Elgin where you can find all the shopping and restaurants.
512 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 3 bathroom townhouse in Valley Creek, built in 2007. It last sold for $280,000 on Aug 29, 2023 (4% above the $269,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $331,200, with a rent estimate of $2,525/month.
Last check for updates: about 23 hours ago
Listed by Bianca Solum, (773) 858-0755
@properties Christie's International Real Estate
Bought with: Heather Weiss, (847) 269-8245, Berkshire Hathaway HomeServices Starck Real Estate
Source: MRED as distributed by MLS GRID, MLS#11836312

Home Details for 512 Madison Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,Full,DaylightNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room, Loft
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Appliances & Utilities
Appliances: Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), HumidifierDishwasherDisposalDryerLaundry: In Unit,SinkMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Electric, Family RoomHas a FireplaceNo Spa
Levels, Entrance, & Accessibility
Number of Stories: 2Accessibility: No Disability Access
View
No View
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckExterior: Balcony
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Asphalt,Garage Door Opener,On Site,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Duplex, Single Family Residence
Building
Construction Materials: Vinyl SidingNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 0609376034

Price & Status

Price
List Price: $269,900
Status Change & Dates
Off Market Date: Sat Aug 05 2023Possession Timing: Close Of Escrow

Location

Direction & Address
City: Elgin
School Information
Elementary School District: 46Jr High / Middle School District: 46High School District: 46

HOA

HOA Fee Includes: Exterior Maintenance, Lawn Care, Scavenger, Snow RemovalHas an HOAHOA Fee: $245/Monthly

Lot Information

Lot Area: 2354 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: VA

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 11836312Back On Market Date: Wed Aug 02 2023

Additional Information

Source Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Aug 29, 2023
Source: MRED as distributed by MLS GRID #11836312
Sold
$280,000
Aug 21, 2023
Source: MRED as distributed by MLS GRID #11836312
Pending
$269,900
Aug 6, 2023
Source: MRED as distributed by MLS GRID #11836312
Contingent
$269,900
Aug 2, 2023
Source: MRED as distributed by MLS GRID #11836312
PendingToActive
$269,900
Jul 24, 2023
Source: MRED as distributed by MLS GRID #11836312
Contingent
$269,900

Market trends in Elgin

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$331K
$4.67KMoM
Sale-to-List Price
100.2%
Price per sq ft
$203
$4MoM
Available listings
264
13MoM

Around this home

Neighborhood Overview

Valley Creek
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Valley Creek

At least 27 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 89 % Say parking is easy

  • 83 % Say it's quiet

  • 83 % Say streets are well-lit

  • 82 % Say yards are well-kept

  • 79 % Say car is needed

  • 79 % Say kids play outside

  • 68 % Say people would walk alone at night

  • 67 % Say there's holiday spirit

  • 57 % Say neighbors are friendly

  • 51 % Say there's wildlife

  • 44 % Say they plan to stay for at least 5 years

  • 31 % Say there are community events

  • 29 % Say it's walkable to grocery stores

  • 21 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Ma D.
    "Everything is peaceful. i like the commons, parks and activities. also you can go to the centre of Elgin and have fun or exercise!"
    2
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information

Frequently asked questions about 512 Madison Ln

  • What is 512 Madison Ln estimated to be worth?
    Trulia's estimated value for 512 Madison Ln in Elgin, IL is $331,200.
  • What is the price history for 512 Madison Ln?
    512 Madison Ln in Elgin, IL last sold for $280,000 in August 2023.
  • Is Elgin a buyer's or seller's market?
    Elgin is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Elgin?
    The median sale price in Elgin is $331K. That is down $4.67K from the prior month.
  • Does 512 Madison Ln have air conditioning?
    Yes, 512 Madison Ln in Elgin, IL has air conditioning.
  • Does 512 Madison Ln have laundry facilities?
    Yes, 512 Madison Ln in Elgin, IL has in-unit laundry.

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