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

550 Madison Ln
Elgin, IL 60123

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

$333,700

Last Sold: Mar 20, 2026
3% over list $325K
$187/sqft
Est. Refi. Payment $2,389/mo*
Refinance Your Home

$333,700

Last Sold: Mar 20, 2026
3% over list $325K
$187/sqft
Est. Refi. Payment $2,389/mo*
Refinance Your Home
2 Beds
2.5 Baths
1,783 sqft

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

Property Type
Townhouse
Year Built
2007
Living Area
1,783 sqft
Price/Sqft
$187/sqft
Parking
2 Car Garage
HOA
$275/Monthly

About this House

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). It is currently off market. The Trulia Estimate is $338,300, with a rent estimate of $2,468/month.

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
Last check for updates: about 23 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

Price History for 550 Madison Ln

DatePriceEventSource
03/20/2026$333,700Sold
MRED as distributed by MLS GRID #12572560
03/18/2026$324,900PendingMRED as distributed by MLS GRID #12572560
03/07/2026$324,900ContingentMRED as distributed by MLS GRID #12572560
03/02/2026$324,900PendingToActiveMRED as distributed by MLS GRID #12572560
02/27/2026$324,900ContingentMRED as distributed by MLS GRID #12572560
02/20/2026$324,900Listed For SaleMRED as distributed by MLS GRID #12572560
02/19/2026$324,900ListingRemovedMRED as distributed by MLS GRID #12547360
02/05/2026$324,900PriceChange
MRED as distributed by MLS GRID #12547360
01/16/2026$334,900Listed For SaleMRED as distributed by MLS GRID #12547360
06/30/2023$295,000Sold
MRED as distributed by MLS GRID #11788604
06/27/2023$289,000PendingMRED as distributed by MLS GRID #11788604
06/11/2023ListingRemovedMRED as distributed by MLS GRID #11788604
05/29/2023$289,000ContingentMRED as distributed by MLS GRID #11788604
05/25/2023$289,000Listed For SaleMRED as distributed by MLS GRID #11788604
09/03/2020$210,000Sold
N/A
07/11/2020$217,500PendingAgent Provided
06/28/2020$217,500PriceChange
Agent Provided
06/09/2020$220,000Listed For SaleAgent Provided
06/06/2018$204,500Sold
N/A
09/23/2009$189,000Sold
N/A

Market trends in Elgin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$323K
$10.67KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$209
$3MoM
Available listings
263
29MoM
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Property Tax and Assessment

Year2024
Tax$6,963
Assessment$285,036
Home facts updated by county records

Comparable Sales for 550 Madison Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
516 Madison Ln, Elgin, IL
0.08
Townhouse
$340,000
08/22/25
2
2.5
1,783
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
830 Millcreek Cir, Elgin, IL
0.71
Townhouse
$319,900
08/28/25
2
2
1,725
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

Nearby homes

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Assigned Schools

These are the assigned schools for 550 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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Explore by feature - Pet Friendly

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Homes for sale near 550 Madison Ln

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Off Market Homes Near 550 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