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

$413,200

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 1,600 sqft

558 Madison Ln, Elgin, IL 60123

Valley Creek
Est. Refi. Payment $3,005/mo*
Refinance Your Home
Currently Off Market - Sold Jun 20, 2025 for $389,000

Home Value

Trulia Estimate
$413K
Since last month
Increased$10K (+2.5%)
Since last year
Increased$23K (+5.9%)
Since last sale
Increased$26K (+6.7%)
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 +7% in the last 10 years
MonthEstimated value
2026
September 2026$415K
August 2026$413K
July 2026$405K
June 2026$412K
May 2026$408K
April 2026$401K
March 2026$403K
February 2026$391K
January 2026$398K
2025

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
510 Shagbark Dr #510, Elgin, IL
0.48
Townhouse
$365,000
10/10/25
3
3
1,538
519 Shagbark Dr, Elgin, IL
0.44
Townhouse
$355,000
03/09/26
3
3.5
2,080
503 Shagbark Dr #503, Elgin, IL
0.42
Townhouse
$300,000
09/26/25
2
2.5
2,058
2133 Colorado Ave, Elgin, IL
0.33
Townhouse
$218,000
12/18/25
3
2
1,200
514 Madison Ln, Elgin, IL
0.11
Townhouse
$310,000
11/18/25
2
2.5
1,771
514 Shagbark Dr, Elgin, IL
0.49
Townhouse
$343,345
11/19/25
2
3.5
2,708
2181 Colorado Ave, Elgin, IL
0.32
Townhouse
$312,500
10/30/25
3
3.5
1,830
836 Millcreek Cir #836, Elgin, IL
0.68
Townhouse
$320,000
06/26/26
3
2
1,449

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
576 Madison Ln, Elgin, IL 60123
0.03
$446,700
3
3
1,600
Off Market
572 Madison Ln, Elgin, IL 60123
0.03
$453,700
3
3
1,600
Off Market
566 Madison Ln, Elgin, IL 60123
0.00
$449,800
3
3
1,600
Off Market
560 Madison Ln, Elgin, IL 60123
0.01
$458,300
3
3
1,600
Off Market
2170 Savannah Rd, Elgin, IL 60123
0.08
$365,300
3
3
1,499
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
$363,800
2
2.5
2,000
Off Market
568 Madison Ln, Elgin, IL 60123
0.05
$452,800
3
3
1,600
Off Market
2165 Savannah Rd, Elgin, IL 60123
0.08
$373,900
3
2
1,848
Off Market
540 Shenandoah Trl, Elgin, IL 60123
0.08
$388,800
3
2
1,695
Off Market
2120 Savannah Rd, Elgin, IL 60123
0.13
$452,100
4
2.5
2,887
Off Market

Local Information

  • Map ViewExplore the area around 558 Madison Ln.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 2024
1,600 sqft
$258/sqft
2 Car Garage
HOA $260/mo

About this House

Welcome to The Villas at Madison Lane, a stunning new construction community perfectly situated in Elgin! This home is completed with drywall, giving you the unique opportunity to personalize the interior finishes to match your style-choose your cabinets, countertops, tile, flooring, appliances, and more! This highly sought-after Ranch Duplex with an English Basement features 3 bedrooms, 3 full bathrooms, and 1,600 square feet of beautifully designed, open-concept living space. Step inside to be greeted by an abundance of natural light and soaring 9' ceilings throughout the main level. The heart of the home is the kitchen, where you can bring your dream space to life by selecting your ideal finishes. A large eat-in island seamlessly connects to the carpeted family room, creating the perfect setup for entertaining or enjoying everyday moments. The spacious primary suite serves as a serene retreat, complete with a large walk-in closet and a spa-like en-suite bathroom featuring a double sink vanity, a walk-in shower, and the opportunity to add your choice of stunning upgrades. A versatile carpeted secondary bedroom, a full hall bathroom, and a generously sized laundry/mudroom complete the main level. Step outside onto the spacious deck, the ideal spot to relax and enjoy views of the backyard. The fully finished English/Lookout basement is filled with natural light and offers incredible flexibility. It includes a third carpeted bedroom, a full bathroom, and an additional living area-perfect for a home gym, recreation room, or entertainment space. Located just minutes from major expressways, shopping, dining, grocery stores, and more, this property combines convenience with modern luxury. Don't miss this incredible opportunity-schedule your tour today!
558 Madison Ln, Elgin, IL 60123 is a 3 bedroom, 3 bathroom, 1,600 sqft townhouse in Valley Creek, built in 2024. It last sold for the $389,000 asking price on Jun 20, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $413,200, with a rent estimate of $2,756/month.
Last check for updates: about 4 hours ago
Listed by Michael Mandile, (847) 322-8827
Compass
Tim Lorimer
Compass
Bought with: Michael Mandile, (847) 322-8827, Compass
Source: MRED as distributed by MLS GRID, MLS#12395506

Home Details for 558 Madison Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Finished,Exterior Entry,Full,DaylightNumber of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Mud Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 1600 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Microwave, Dishwasher, Refrigerator, Disposal, Oven, Electric Oven, Humidifier, Gas Water HeaterDishwasherDisposalLaundry: Main Level,SinkMicrowaveRefrigerator
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 3Fireplace: Family Room, Living RoomHas a FireplaceNo Spa
Gas & Electric
Electric: Circuit Breakers, 200+ Amp Service
Windows, Doors, Floors & Walls
Window: ScreensFlooring: Laminate, CarpetCommon Walls: End Unit
Levels, Entrance, & Accessibility
Number of Stories: 1Accessibility: No Disability AccessFloors: Laminate, Carpet
View
Has a ViewView: Water
Security
Security: Carbon Monoxide Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckOther Structures: NoneFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Asphalt,Garage Door Opener,Yes,Garage Owned,Attached,Garage
Frontage
Waterfront: StreamNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: ResidentialProperty Subtype: Townhouse, Single Family Residence
Building
Construction Materials: Vinyl Siding, BrickIs a New ConstructionNo Additional Parcels
Property Information
Condition: New ConstructionParcel Number: 0609376027

Price & Status

Price
List Price: $389,000
Status Change & Dates
Off Market Date: Wed Jun 18 2025Possession 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

Agent Information

Buyer Agent
Buyer Company Name: Mandile + Lorimer Property Group

HOA

HOA Fee Includes: Insurance, Lawn Care, Snow RemovalHas an HOAHOA Fee: $260/Monthly

Lot Information

Lot Area: 4784 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple w/ HO Assn.

Miscellaneous

BasementMls Number: 12395506Water ViewWater View: Water

Additional Information

Source Internet Automated Valuation DisplaySource Internet Consumer CommentSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display

Price and Tax history

DateEventPrice
Jun 20, 2025
Source: MRED as distributed by MLS GRID #12395506
Sold
$389,000
Jun 18, 2025
Source: MRED as distributed by MLS GRID #12395506
Contingent
$389,000
Jun 17, 2025
Source: MRED as distributed by MLS GRID #12395506
Listed For Sale
$389,000

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 558 Madison Ln

  • What is 558 Madison Ln estimated to be worth?
    Trulia's estimated value for 558 Madison Ln in Elgin, IL is $413,200.
  • What is the price history for 558 Madison Ln?
    558 Madison Ln in Elgin, IL last sold for $389,000 in June 2025.
  • 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 558 Madison Ln have air conditioning?
    Yes, 558 Madison Ln in Elgin, IL has air conditioning.
  • Does 558 Madison Ln have laundry facilities?
    Yes, 558 Madison Ln in Elgin, IL has laundry facilities.

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