516 Madison Ln, Elgin, IL 60123
SOLD
AUG 22, 2025

516 Madison Ln
Elgin, IL 60123

Valley Creek
  • 2 Beds
  • 2.5 Baths
  • 1,783 sqft

$340,000

Last Sold: Aug 22, 2025
0% over list $340K
$191/sqft
Est. Refi. Payment $2,376/mo*
Refinance Your Home

$340,000

Last Sold: Aug 22, 2025
0% over list $340K
$191/sqft
Est. Refi. Payment $2,376/mo*
Refinance Your Home
2 Beds
2.5 Baths
1,783 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Move right into this beautifully maintained and updated townhome featuring 2 bedrooms, 2.5 bathrooms, and a spacious loft that can easily be converted into a third bedroom. The soaring ceilings and open-concept layout create a bright and airy atmosphere, seamlessly connecting the living room with cozy fireplace, dining area, eat-in space, and kitchen-perfect for both entertaining and everyday living. You'll love the luxury vinyl flooring, updated bathrooms, and the primary suite complete with a walk-in closet and private ensuite bath. The full unfinished basement offers endless possibilities to add additional living space or create your dream rec room. Enjoy the convenience of a 2-car garage and a location that's equidistant to Route 20 and I-90 for easy commuting. Just minutes to all the shopping, dining, and amenities along Randall Road-this one truly has it all and won't last long!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from August 22, 2025

Home Highlights

Parking
2 Car Garage
Outdoor
Deck
A/C
Heating & Cooling
HOA
$260/Monthly
Price/Sqft
$191/sqft
Listed
180+ days ago

Home Details for 516 Madison Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Loft, Walk In Closet
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1783 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Washer, Dryer, Stainless Steel Appliance(s)DryerLaundry: Main Level,Washer Hookup,In UnitMicrowaveWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Gas Log, Living RoomHas a FireplaceNo Spa
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Laminate
Levels, Entrance, & Accessibility
Number of Stories: 2Accessibility: No Disability AccessFloors: Laminate
View
No View

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,On Site,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Single Family Residence
Building
Construction Materials: Aluminum Siding, BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 0609376035Model Home Type: BIRCH

Price & Status

Price
List Price: $339,900Price Per Sqft: $191/sqft
Status Change & Dates
Off Market Date: Fri Jul 25 2025Possession Timing: Close Of Escrow

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: BIRCH

HOA

HOA Fee Includes: Insurance, Exterior Maintenance, Lawn Care, Snow RemovalHas an HOAHOA Fee: $260/Monthly

Lot Information

Lot Area: 2288 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 12407605Activation Date: Thu Jul 03 2025

Additional Information

MRD SHARE WITH CLIENTS: YesSource Internet Entire Listing DisplaySource Internet Address DisplayMRD REMARKSINTERNET: Yes
Last check for updates: about 10 hours ago
Listed by Christy Alwin, (224) 699-5002
Redfin Corporation
Bought with: Toni Favia, (630) 244-6455, TNT Realty, Inc.
Source: MRED as distributed by MLS GRID, MLS#12407605

Price History for 516 Madison Ln

DatePriceEventSource
08/22/2025$340,000Sold
MRED as distributed by MLS GRID #12407605
08/18/2025$339,900PendingMRED as distributed by MLS GRID #12407605
07/15/2025$339,900PriceChange
MRED as distributed by MLS GRID #12407605
07/03/2025$349,900Listed For SaleMRED as distributed by MLS GRID #12407605
06/22/2017$217,500Sold
MRED as distributed by MLS GRID #09606201
05/05/2017$217,500PendingAgent Provided
04/26/2017$217,500PriceChange
Agent Provided
04/03/2017$219,900PriceChange
Agent Provided
03/20/2017$225,000Listed For SaleAgent Provided
05/30/2009$225,000ListingRemovedAgent Provided
05/20/2009$225,000PriceChange
Agent Provided
04/11/2009$240,000Listed For SaleAgent Provided
07/24/2007$227,500Sold
N/A

Market trends in Elgin

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$313K
$11.67KMoM
Sale-to-List Price
99.6%
Price per sq ft
$206
$3MoM
Available listings
234
30MoM
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Property Tax and Assessment

Year2024
Tax$6,835
Assessment$280,221
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,388/mo
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Homes for rent near 516 Madison Ln

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Comparable Sales for 516 Madison Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
550 Madison Ln, Elgin, IL
0.08
Townhouse
$333,700
03/20/26
2
2.5
1,783
558 Madison Ln, Elgin, IL
0.11
Townhouse
$389,000
06/20/25
3
3
1,600
568 Madison Ln, Elgin, IL
0.09
Townhouse
$426,291
06/20/25
3
3
1,600
576 Madison Ln, Elgin, IL
0.13
Townhouse
$420,900
06/24/25
3
3
1,600
572 Madison Ln, Elgin, IL
0.12
Townhouse
$427,137
06/20/25
3
3
1,600
514 Madison Ln, Elgin, IL
0.00
Townhouse
$310,000
11/18/25
2
2.5
1,771
503 Shagbark Dr #503, Elgin, IL
0.47
Townhouse
$300,000
09/26/25
2
2.5
2,058
519 Shagbark Dr, Elgin, IL
0.49
Townhouse
$355,000
03/09/26
3
3.5
2,080

Nearby homes

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Assigned Schools

These are the assigned schools for 516 Madison Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
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Apartments for Rent

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Homes for sale near 516 Madison Ln

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Off Market Homes Near 516 Madison Ln

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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
516 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 3 bathroom, 1,783 sqft townhouse built in 2005. 516 Madison Ln is located in Valley Creek, Elgin. This property is not currently available for sale. 516 Madison Ln was last sold on Aug 22, 2025 for $340,000 (0% higher than the asking price of $339,900). The current Trulia Estimate for 516 Madison Ln is $355,900.