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

$352,700

Trulia Estimate
  • 2 Beds
  • 2.5 Baths
  • 1,783 sqft

538 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $2,528/mo*
Refinance Your Home
Currently Off Market - Sold Mar 23, 2023 for $299,900

Home Value

Trulia Estimate
$353K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$14K (+4.3%)
Since last sale
Increased$52K (+17.3%)
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 +90% in the last 10 years
MonthEstimated value
2026
August 2026$352K
July 2026$354K
June 2026$358K
May 2026$360K
April 2026$356K
March 2026$354K
February 2026$340K
January 2026$336K
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
515 Madison Ln, Elgin, IL
0.07
Single-Family Home
$420,000
12/05/25
3
2
2,083
281 Governors Ln, Elgin, IL
0.38
Single-Family Home
$350,000
04/30/26
3
3
1,858
512 Shenandoah Trl, Elgin, IL
0.15
Single-Family Home
$377,500
06/12/26
3
2
1,360
601 N Lyle Ave, Elgin, IL
0.33
Single-Family Home
$253,000
03/20/26
3
3
1,550
506 Shenandoah Trl, Elgin, IL
0.16
Single-Family Home
$400,000
06/22/26
4
2.5
2,807
520 N Lyle Ave, Elgin, IL
0.32
Single-Family Home
$350,000
12/18/25
4
2.5
1,727
1978 N Fork Cir, Elgin, IL
0.27
Single-Family Home
$392,000
08/12/26
3
2.5
2,380
609 N Lyle Ave, Elgin, IL
0.35
Single-Family Home
$360,000
01/16/26
3
2
1,440
500 N Lyle Ave, Elgin, IL
0.37
Single-Family Home
$369,900
12/08/25
3
1.5
1,558
280 Presidential Ln, Elgin, IL
0.31
Single-Family Home
$438,000
09/05/25
2
2.5
2,000

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
568 Madison Ln, Elgin, IL 60123
0.03
$452,800
3
3
1,600
Off Market
550 Madison Ln, Elgin, IL 60123
0.03
$333,700
2
2.5
1,783
Recently Sold
550 Madison Ln #550, Elgin, IL 60123
0.03
$361,200
2
2.5
2,000
Off Market
560 Madison Ln, Elgin, IL 60123
0.06
$458,300
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.06
$449,800
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.06
$413,200
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.07
$388,800
3
2
1,695
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.05
-
3
2.5
1,764
Off Market
516 Madison Ln, Elgin, IL 60123
0.05
$358,700
2
2.5
1,783
Off Market
572 Madison Ln, Elgin, IL 60123
0.09
$453,700
3
3
1,600
Off Market
2165 Savannah Rd, Elgin, IL 60123
0.10
$373,900
3
2
1,848
Off Market
514 Madison Ln, Elgin, IL 60123
0.06
$310,000
2
2.5
1,771
Recently Sold

Local Information

  • Map ViewExplore the area around 538 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2005
Living Area
1,783 sqft
Price/Sqft
$198
Parking
Garage

About this House

Absolutely move in ready! Shows like a model! Private covered entry! Spacious foyer with tile flooring! Upgraded eat-in kitchen with extended oak cabinetry with crown molding, stainless steel appliances, Corian countertops, pantry closet, extra recessed lighting and separate eating area with sliding glass door to the very private custom deck backing to tree line and open field! Separate formal dining room with upgraded chandelier! Cozy family room with cathedral ceilings, gas log fireplace with tile surround and accent lighting! Convenient 1st floor laundry! Split staircase with upgraded oak railings! 2nd floor loft could easily be 3rd bedroom or office! Large master bedroom with cathedral ceilings, huge walk-in closet and luxury bath with oversized dual sink vanity, whirlpool tub and tile flooring! Gracious size secondary bedroom! Large English basement awaits your finishing touches! Awesome location with quick access to I-90, train and shopping! Neutral and no work needed here!
538 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 3 bathroom, 1,783 sqft single-family home in Valley Creek, built in 2005. It last sold for $299,900 on Mar 23, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $352,700, with a rent estimate of $2,510/month.

Home Details for 538 Madison Ln

Interior Features

Interior Details
BasementTypes of Rooms: Walk In Closet, Dining Room
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet, Hardwood, Laminate
Appliances & Utilities
DishwasherDisposalDryerMicrowaveRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: Asphalt, OtherExterior: Vinyl, Brick
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 5

Lot Information

Lot Area: 2028 sqft

Price and Tax history

DateEventPrice
Mar 23, 2023
Source: MRED as distributed by MLS GRID #11720111
Sold
$299,900
Feb 20, 2023
Source: RE/MAX International
Pending
$289,900
Feb 20, 2023
Source: MRED as distributed by MLS GRID #11720111
Contingent
$289,900
Feb 16, 2023
Source: MRED as distributed by MLS GRID #11720111
Listed For Sale
$289,900
Jun 30, 2020
Source: Agent Provided
ListingRemoved
$225,000

Market trends in Elgin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$337K
$15KMoM
Sale-to-List Price
100.1%
0.1%MoM
Price per sq ft
$207
$2MoM
Available listings
251
12MoM

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

Frequently asked questions about 538 Madison Ln

  • What is 538 Madison Ln estimated to be worth?
    Trulia's estimated value for 538 Madison Ln in Elgin, IL is $352,700.
  • What is the price history for 538 Madison Ln?
    538 Madison Ln in Elgin, IL last sold for $299,900 in March 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 $337K. That is up $15K from the prior month.
  • Does 538 Madison Ln have air conditioning?
    Yes, 538 Madison Ln in Elgin, IL has air conditioning.
  • Does 538 Madison Ln have laundry facilities?
    Yes, 538 Madison Ln in Elgin, IL has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Air Conditioning

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Explore by feature - Pool

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Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 538 Madison Ln

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