550 Madison Ln, Elgin, IL 60123
Property image
Property image
SOLD
MAR 20, 2026

$342,900

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

550 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $2,529/mo*
Refinance Your Home
Currently Off Market - Sold Mar 20, 2026 for $333,700 (3% above list price)

Home Value

Trulia Estimate
$343K
Since last month
Decreased$1K (-0.3%)
Since last year
Increased$3K (+0.9%)
Since last sale
Increased$8K (+2.5%)
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 +80% in the last 10 years
MonthEstimated value
2026
September 2026$342K
August 2026$343K
July 2026$338K
June 2026$342K
May 2026$340K
April 2026$336K
March 2026$334K
February 2026$324K
January 2026$333K
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
503 Shagbark Dr #503, Elgin, IL
0.45
Townhouse
$300,000
09/26/25
2
2.5
2,058
514 Madison Ln, Elgin, IL
0.09
Townhouse
$310,000
11/18/25
2
2.5
1,771
519 Shagbark Dr, Elgin, IL
0.47
Townhouse
$355,000
03/09/26
3
3.5
2,080
850 Millcreek Cir, Elgin, IL
0.71
Townhouse
$307,000
11/02/25
2
2
1,449
919 Millcreek Cir, Elgin, IL
0.77
Townhouse
$335,000
06/30/26
2
2
1,904
805 Millcreek Cir, Elgin, IL
0.73
Townhouse
$297,000
11/18/25
2
2
1,904
510 Shagbark Dr #510, Elgin, IL
0.51
Townhouse
$365,000
10/10/25
3
3
1,538
2133 Colorado Ave, Elgin, IL
0.36
Townhouse
$218,000
12/18/25
3
2
1,200

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
0.01
$453,300
3
3
1,600
Off Market
550 Madison Ln #550, Elgin, IL 60123
0.00
$375,100
2
2.5
2,000
Off Market
560 Madison Ln, Elgin, IL 60123
0.03
$460,400
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.03
$450,000
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.03
$413,600
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.06
$390,300
3
2
1,695
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.07
-
3
2.5
1,764
Off Market
516 Madison Ln, Elgin, IL 60123
0.08
$359,800
2
2.5
1,783
Off Market
572 Madison Ln, Elgin, IL 60123
0.06
$454,200
3
3
1,600
Off Market
2165 Savannah Rd, Elgin, IL 60123
0.07
$372,500
3
2
1,848
Off Market
514 Madison Ln, Elgin, IL 60123
0.09
$324,600
2
2.5
1,771
Off Market

Local Information

  • Map ViewExplore the area around 550 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 2007
1,783 sqft
$187/sqft
2 Car Garage
HOA $275/mo

About this House

What's unique:Two generously sized bedroomsTwo-and-a-half bathroomsAbundant natural lightStunning two story spaceSpacious homeAmple cabinet space
Welcome to this beautiful Madison Lane townhome. This spacious home features two bedrooms plus a large loft, two-and-a-half bathrooms, and an unfinished basement, providing plenty of room to live, work, and entertain. The open-concept living and dining area is filled with abundant natural light and stunning two story space. The spacious living room with fireplace flows seamlessly into the dining room and kitchen, which boasts new appliances, ample cabinet space, and a pantry for additional storage. Enter from the garage into the laundry/mud room with new washer/dryer and additional cabinets. Upstairs, you'll find two generously sized bedrooms and a versatile loft offering endless possibilities-perfect for a home office, guest space, or hobby area.. The Primary Suite features a tray ceiling, large walk-in closet and private en-suite with dual vanity, soaking tub and separate shower. The unfinished basement, offers a blank canvas ready for your personal touch. Whether you envision a media room, play area, or additional living space, the possibilities are endless. Close proximity to Randal Rd shopping and restaurants and I90. This townhome combines functionality, flexibility, and style-ready to welcome you home!
550 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 3 bathroom, 1,783 sqft townhouse in Valley Creek, built in 2007. It last sold for $333,700 on Mar 20, 2026 (3% above the $324,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $342,900, with a rent estimate of $2,497/month.
Last check for updates: about 10 hours ago
Listed by Christy Alwin, (224) 699-5002
Redfin Corporation
Bought with: Michael Louie, (773) 704-0983, Keller Williams Inspire - Geneva
Source: MRED as distributed by MLS GRID, MLS#12572560

Home Details for 550 Madison Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Loft
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, Dishwasher, RefrigeratorDishwasherLaundry: In UnitMicrowaveRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Living RoomHas a FireplaceNo Spa
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Number of Stories: 2Accessibility: No Disability AccessFloors: Hardwood
View
No View

Exterior Features

Exterior Home Features
Patio / Porch: Deck
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Garage Door Opener,Yes,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, Single Family Residence
Building
Construction Materials: Vinyl Siding, BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 0609453090

Price & Status

Price
List Price: $324,900Price Per Sqft: $187/sqft
Status Change & Dates
Off Market Date: Wed Mar 04 2026Possession 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

HOA

HOA Fee Includes: Exterior MaintenanceHas an HOAHOA Fee: $275/Monthly

Lot Information

Lot Area: 2178 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 12572560Attribution Contact: (224) 699-5002Back On Market Date: Mon Mar 02 2026

Additional Information

Source Internet Entire Listing DisplayMRD Listing On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Mar 20, 2026
Source: MRED as distributed by MLS GRID #12572560
Sold
$333,700
Mar 18, 2026
Source: MRED as distributed by MLS GRID #12572560
Pending
$324,900
Mar 7, 2026
Source: MRED as distributed by MLS GRID #12572560
Contingent
$324,900
Mar 2, 2026
Source: MRED as distributed by MLS GRID #12572560
PendingToActive
$324,900
Feb 27, 2026
Source: MRED as distributed by MLS GRID #12572560
Contingent
$324,900

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 550 Madison Ln

  • What is 550 Madison Ln estimated to be worth?
    Trulia's estimated value for 550 Madison Ln in Elgin, IL is $342,900.
  • What is the price history for 550 Madison Ln?
    550 Madison Ln in Elgin, IL last sold for $333,700 in March 2026.
  • 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 550 Madison Ln have air conditioning?
    Yes, 550 Madison Ln in Elgin, IL has air conditioning.
  • Does 550 Madison Ln have laundry facilities?
    Yes, 550 Madison Ln in Elgin, IL has laundry facilities.

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