540 Madison Ln, Elgin, IL 60123
OFF MARKET

540 Madison Ln
Elgin, IL 60123

Valley Creek
  • 3 Beds
  • 2.5 Baths
  • 1,776 sqft

$351,100

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $2,505/mo*
Refinance Your Home

$351,100

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $2,505/mo*
Refinance Your Home
3 Beds
2.5 Baths
1,776 sqft

Home Value

Trulia Estimate
$351K
Since last month
Decreased$2K (-0.5%)
Since last year
Increased$10K (+2.9%)
Since last sale
Increased$123K (+54%)
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 +88% in the last 10 years
MonthEstimated value
2026
August 2026$351K
July 2026$353K
June 2026$357K
May 2026$357K
April 2026$353K
March 2026$347K
February 2026$339K
January 2026$338K
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
0.03
Townhouse
$333,700
03/20/26
2
2.5
1,783
2133 Colorado Ave, Elgin, IL
0.39
Townhouse
$218,000
12/18/25
3
2
1,200
519 Shagbark Dr, Elgin, IL
0.48
Townhouse
$355,000
03/09/26
3
3.5
2,080
503 Shagbark Dr, Elgin, IL
0.47
Townhouse
$300,000
09/30/25
2
2.5
2,058
503 Shagbark Dr #503, Elgin, IL
0.47
Townhouse
$300,000
09/26/25
2
2.5
2,058
514 Madison Ln, Elgin, IL
0.06
Townhouse
$310,000
11/18/25
2
2.5
1,771
510 Shagbark Dr #510, Elgin, IL
0.52
Townhouse
$365,000
10/10/25
3
3
1,538
836 Millcreek Cir #836, Elgin, IL
0.74
Townhouse
$320,000
06/26/26
3
2
1,449
830 Millcreek Cir, Elgin, IL
0.74
Townhouse
$319,900
08/28/25
2
2
1,725
805 Millcreek Cir, Elgin, IL
0.76
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
568 Madison Ln, Elgin, IL 60123
0.03
$447,100
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
$370,500
2
2.5
2,000
Off Market
560 Madison Ln, Elgin, IL 60123
0.05
$454,100
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.06
$445,500
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.06
$408,000
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.07
$385,200
3
2
1,695
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.06
-
3
2.5
1,764
Off Market
516 Madison Ln, Elgin, IL 60123
0.06
$354,400
2
2.5
1,783
Off Market
572 Madison Ln, Elgin, IL 60123
0.09
$448,000
3
3
1,600
Off Market
2165 Savannah Rd, Elgin, IL 60123
0.09
$375,300
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 540 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Townhouse
Year Built
2007
Living Area
1,776 sqft
Price/Sqft
$198
Parking
Garage

About this House

Hard wood floors, oak 6 panel doors throughout. Brushed nickel hardware. Deck with stairs that back up to a park. Unfinished basement with roughed in bathroom plumbing. Central hvac. Brushed nickel light fixtures throughout.
540 Madison Ln, Elgin, IL 60123 is a 3 bedroom, 3 bathroom, 1,776 sqft townhouse in Valley Creek, built in 2007. It last sold for $228,000 on Aug 24, 2007. It is currently off market. The Trulia Estimate is $351,100, with a rent estimate of $2,672/month.

Home Details for 540 Madison Ln

Interior Features

Interior Details
BasementAdditional StorageAtticNumber of Rooms: 10Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room, PantryStorageCeiling Fan
Heating & Cooling
Heating: Forced Air, Electric, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet, Concrete, Hardwood
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceJetted Bath Tub
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: Asphalt, Other, Shake ShingleDeckExterior: Other, Shingle, Vinyl, Brick, Cement Concrete
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: TownhouseArchitecture: Modern

Lot Information

Lot Area: 2028 sqft

Price and Tax history

DateEventPrice
Aug 24, 2007
Source: N/A
Sold
$228,000

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 540 Madison Ln

  • What is 540 Madison Ln estimated to be worth?
    Trulia's estimated value for 540 Madison Ln in Elgin, IL is $351,100.
  • What is the price history for 540 Madison Ln?
    540 Madison Ln in Elgin, IL last sold for $228,000 in August 2007.
  • 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 540 Madison Ln have air conditioning?
    Yes, 540 Madison Ln in Elgin, IL has air conditioning.
  • Does 540 Madison Ln have laundry facilities?
    Yes, 540 Madison Ln in Elgin, IL has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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