515 Madison Ln, Elgin, IL 60123
Property image
Property image
SOLD
DEC 5, 2025

$436,000

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,083 sqft

515 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $3,195/mo*
Refinance Your Home
Currently Off Market - Sold Dec 5, 2025 for $420,000 (1% below list price)

Home Value

Trulia Estimate
$436K
Since last month
Decreased$3K (-0.7%)
Since last year
Increased$23K (+5.6%)
Since last sale
Increased$19K (+4.5%)
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 +70% in the last 10 years
MonthEstimated value
2026
September 2026$439K
August 2026$442K
July 2026$437K
June 2026$443K
May 2026$421K
April 2026$420K
March 2026$420K
February 2026$420K
January 2026$419K
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
512 Shenandoah Trl, Elgin, IL
0.14
Single-Family Home
$377,500
06/12/26
3
2
1,360
506 Shenandoah Trl, Elgin, IL
0.17
Single-Family Home
$400,000
06/22/26
4
2.5
2,807
2205 Country Knoll Ln, Elgin, IL
0.35
Single-Family Home
$410,000
08/24/26
3
1.5
2,020
1978 N Fork Cir, Elgin, IL
0.30
Single-Family Home
$392,000
08/12/26
3
2.5
2,380
2130 Valley Creek Dr, Elgin, IL
0.29
Single-Family Home
$400,000
09/01/26
4
2.5
1,896
500 N Lyle Ave, Elgin, IL
0.38
Single-Family Home
$369,900
12/08/25
3
1.5
1,558
609 N Lyle Ave, Elgin, IL
0.42
Single-Family Home
$360,000
01/16/26
3
2
1,440
2461 Tall Oaks Dr, Elgin, IL
0.32
Single-Family Home
$489,000
12/02/25
3
3
2,435

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
519 Madison Ln, Elgin, IL 60123
0.01
$428,100
3
2
2,092
Off Market
516 Madison Ln, Elgin, IL 60123
0.03
$359,800
2
2.5
1,783
Off Market
514 Madison Ln, Elgin, IL 60123
0.03
$324,600
2
2.5
1,771
Off Market
512 Madison Ln, Elgin, IL 60123
0.03
$328,200
2
2.5
-
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.09
-
3
2.5
1,764
Off Market
568 Madison Ln, Elgin, IL 60123
0.10
$453,300
3
3
1,600
Off Market
550 Madison Ln, Elgin, IL 60123
0.10
$333,700
2
2.5
1,783
Recently Sold
550 Madison Ln #550, Elgin, IL 60123
0.10
$375,100
2
2.5
2,000
Off Market
2110 W Highland Ave, Elgin, IL 60123
0.08
$489,300
3
2.5
2,459
Off Market
560 Madison Ln, Elgin, IL 60123
0.12
$457,900
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.13
$388,900
3
2
1,695
Off Market

Local Information

  • Map ViewExplore the area around 515 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2005
2,083 sqft
$202/sqft
2 Car Garage
HOA $255/mo

About this House

What's unique:Peninsula with breakfast barRecessed lightingMaster bedroom suiteEnglish basementOpen floorplanGourmet kitchen
Exceptional Value in this gorgeous brick and vinyl ranch home in the maintenance free community of Madison Homes! Gorgeous, open floorplan with 9 foot ceilings. Gourmet kitchen with 42" cabinets, under cabinet lighting and crown moulding, quartz countertops, peninsula with breakfast bar, black stainless steel LG appliances (2022), glass subway tiled backsplash and touch faucet. Huge eating area with sliding glass doors lead to your beautiful yard complimented with a deck, retractable awning, mature trees and professional landscaping. Butler's pantry with quartz countertop is adjacent to the formal dining room. Master Bedroom Suite includes a walk-in closet with closet storage shelving system and double sink vanity. A pocket door separates the awesome, huge bath with whirlpool tub, palladium window, separate shower and linen closet. The split 3 bedroom floor plan offers privacy. 2nd full bathroom with a linen closet. 1st floor laundry room with Kenmore washer & dryer (2016), utility sink, closet, cabinetry and countertop. Recessed lighting in the living room, kitchen, butler pantry, hall and master bath. Ceramic tile in the kitchen, bathrooms, foyer & laundry room. English basement with 9 foot ceilings. New Carrier A/C and Furnace (2025), radon mitigation system, 2 sump pumps. Newer roof (2022). Freshly cleaned carpeting. Enjoy a carefree lifestyle and we look forward to welcoming you to your new home!
515 Madison Ln, Elgin, IL 60123 is a 3 bedroom, 2 bathroom, 2,083 sqft single-family home in Valley Creek, built in 2005. It last sold for $420,000 on Dec 5, 2025 (1% below the $425,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $436,000, with a rent estimate of $2,841/month.
Last check for updates: about 9 hours ago
Listed by Eileen Kelsall, (224) 828-2261
Keller Williams Inspire
Bought with: Daniel Cox, (847) 930-0918, Redfin Corporation
Source: MRED as distributed by MLS GRID, MLS#12485697

Home Details for 515 Madison Ln

Interior Features

Interior Details
Basement: Unfinished,Egress Window,9 ft + pour,Full,DaylightNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Deck, Dining Room, Eating Area, Family Room, Foyer, Kitchen, Laundry, Living Room, Walk In Closet
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2083 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Gas Oven, Humidifier, Gas Water HeaterDishwasherDisposalDryerLaundry: Main Level,Electric Dryer Hookup,Laundry Closet,SinkMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Gas Log, Gas Starter, Living RoomHas a FireplaceNo Spa
Gas & Electric
Electric: Circuit Breakers, 200+ Amp Service
Windows, Doors, Floors & Walls
Window: Screens, Blinds, Double Pane Windows, Drapes, Window TreatmentsDoor: Storm Door(s), Pocket Door(s), Sliding Glass Door(s)Flooring: Laminate
Levels, Entrance, & Accessibility
Stories: 1Accessibility: Low Pile Carpeting, No Interior Steps, Disability AccessFloors: Laminate
View
No View
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckOther Structures: NoneFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Asphalt,Garage Door Opener,Garage,Yes,Garage Owned,Attached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Vinyl Siding, BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 0609453067Model Home Type: Maddy

Price & Status

Price
List Price: $425,000Price Per Sqft: $202/sqft
Status Change & Dates
Off Market Date: Tue Nov 04 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: ElginCommunity: Madison Homes
School Information
Elementary School: Creekside Elementary SchoolElementary School District: 46Jr High / Middle School: Kimball Middle SchoolJr High / Middle School District: 46High School: Larkin High SchoolHigh School District: 46

Building

Building Details
Builder Model: Maddy
Building Area
Building Area: 4166 Square Feet

Community

Community Features: Park, Tennis Court(s), Curbs, Sidewalks, Street Lights

HOA

HOA Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow RemovalHas an HOAHOA Fee: $255/Monthly

Lot Information

Lot Area: 4791.6 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 12485697Attic: DormerActivation Date: Thu Oct 09 2025

Additional Information

ParkTennis Court(s)CurbsSidewalksStreet LightsMRD SHARE WITH CLIENTS: YesSource Internet Entire Listing DisplayMRD Listing On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Dec 5, 2025
Source: MRED as distributed by MLS GRID #12485697
Sold
$420,000
Nov 5, 2025
Source: MRED as distributed by MLS GRID #12485697
Contingent
$425,000
Oct 9, 2025
Source: MRED as distributed by MLS GRID #12485697
Listed For Sale
$425,000
May 3, 2006
Source: N/A
Sold
$320,000

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 515 Madison Ln

  • What is 515 Madison Ln estimated to be worth?
    Trulia's estimated value for 515 Madison Ln in Elgin, IL is $436,000.
  • What is the price history for 515 Madison Ln?
    515 Madison Ln in Elgin, IL last sold for $420,000 in December 2025.
  • 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 515 Madison Ln have air conditioning?
    Yes, 515 Madison Ln in Elgin, IL has air conditioning.
  • Does 515 Madison Ln have laundry facilities?
    Yes, 515 Madison Ln in Elgin, IL has in-unit laundry.

Explore by feature - Pet Friendly

27 pet-friendly rentals in Elgin, IL

Explore by feature - Garage

41 rentals with a garage in Elgin, IL

Explore by feature - Air Conditioning

59 rentals with air conditioning in Elgin, IL

Explore by feature - Pool

23 rentals with a pool in Elgin, IL

Explore by feature - Washer/dryer

58 rentals with a washer/dryer in Elgin, IL

Explore by feature - Outdoor Space

9 rentals with an outdoor space in Elgin, IL

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 515 Madison Ln

Skip to last item
Skip to first item

Homes for sale near 515 Madison Ln

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item