554 Madison Ln, Elgin, IL 60123
OFF MARKET

$338,200

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,370 sqft

554 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $2,427/mo*
Refinance Your Home
Currently Off Market - Sold Aug 25, 2008 for $225,000

Home Value

Trulia Estimate
$338K
Since last month
$0 (0%)
Since last year
Increased$17K (+5.3%)
Since last sale
Increased$112K (+49.6%)
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 +83% in the last 10 years
MonthEstimated value
2026
August 2026$337K
July 2026$337K
June 2026$343K
May 2026$343K
April 2026$335K
March 2026$333K
February 2026$326K
January 2026$320K
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
0.11
Single-Family Home
$420,000
12/05/25
3
2
2,083
512 Shenandoah Trl, Elgin, IL
0.18
Single-Family Home
$377,500
06/12/26
3
2
1,360
609 N Lyle Ave, Elgin, IL
0.32
Single-Family Home
$360,000
01/16/26
3
2
1,440
601 N Lyle Ave, Elgin, IL
0.30
Single-Family Home
$253,000
03/20/26
3
3
1,550
281 Governors Ln, Elgin, IL
0.42
Single-Family Home
$350,000
04/30/26
3
3
1,858
500 N Lyle Ave, Elgin, IL
0.39
Single-Family Home
$369,900
12/08/25
3
1.5
1,558
520 N Lyle Ave, Elgin, IL
0.33
Single-Family Home
$350,000
12/18/25
4
2.5
1,727
506 Shenandoah Trl, Elgin, IL
0.18
Single-Family Home
$400,000
06/22/26
4
2.5
2,807
1978 N Fork Cir, Elgin, IL
0.27
Single-Family Home
$392,000
08/12/26
3
2.5
2,380
136 McKinstry Dr, Elgin, IL
0.54
Single-Family Home
$350,000
04/10/26
3
3
1,365

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
0.02
$452,800
3
3
1,600
Off Market
550 Madison Ln, Elgin, IL 60123
0.01
$333,700
2
2.5
1,783
Recently Sold
550 Madison Ln #550, Elgin, IL 60123
0.01
$368,200
2
2.5
2,000
Off Market
560 Madison Ln, Elgin, IL 60123
0.02
$458,300
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.02
$449,800
3
3
1,600
Off Market
558 Madison Ln, Elgin, IL 60123
0.02
$413,200
3
3
1,600
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.06
$388,800
3
2
1,695
Off Market
532 Shenandoah Trl, Elgin, IL 60123
0.08
-
3
2.5
1,764
Off Market
516 Madison Ln, Elgin, IL 60123
0.09
$358,700
2
2.5
1,783
Off Market
572 Madison Ln, Elgin, IL 60123
0.05
$453,700
3
3
1,600
Off Market
2165 Savannah Rd, Elgin, IL 60123
0.07
$373,900
3
2
1,848
Off Market
514 Madison Ln, Elgin, IL 60123
0.10
$310,000
2
2.5
1,771
Recently Sold

Local Information

  • Map ViewExplore the area around 554 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
2007
Living Area
1,370 sqft
Price/Sqft
$247

About this House

This single-family home is located at 554 Madison Ln, Elgin, IL. 554 Madison Ln is in the Valley Creek neighborhood in Elgin, IL and in ZIP code 60123. This property has 2 bedrooms, 2 bathrooms and approximately 1,370 sqft of floor space. This property has a lot size of 3049 sqft and was built in 2007.
554 Madison Ln, Elgin, IL 60123 is a 2 bedroom, 2 bathroom, 1,370 sqft single-family home in Valley Creek, built in 2007. It last sold for $225,000 on Aug 25, 2008. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $338,200, with a rent estimate of $2,249/month.

Home Details for 554 Madison Ln

Interior Features

Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 3049 sqft

Price and Tax history

DateEventPrice
Aug 25, 2008
Source: N/A
Sold
$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 554 Madison Ln

  • What is 554 Madison Ln estimated to be worth?
    Trulia's estimated value for 554 Madison Ln in Elgin, IL is $338,200.
  • What is the price history for 554 Madison Ln?
    554 Madison Ln in Elgin, IL last sold for $225,000 in August 2008.
  • 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.
  • How big is the lot at 554 Madison Ln?
    The lot at 554 Madison Ln in Elgin, IL is about 0.07 acres (3,049 sq ft).

Explore by feature - Pet Friendly

29 pet-friendly rentals in Elgin, IL

Explore by feature - Garage

45 rentals with a garage in Elgin, IL

Explore by feature - Air Conditioning

58 rentals with air conditioning in Elgin, IL

Explore by feature - Pool

19 rentals with a pool in Elgin, IL

Explore by feature - Washer/dryer

51 rentals with a washer/dryer in Elgin, IL

Explore by feature - Outdoor Space

12 rentals with an outdoor space in Elgin, IL

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 554 Madison Ln

Skip to last item
Skip to first item

Homes for sale near 554 Madison Ln

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item