550 Madison Ln

Elgin, IL 60123

$334,900
Price
2
Beds
1,783 Sq. Ft.
$188 / Sq. Ft.
1,783
Sq. Ft.
$188
per Sq. Ft.
New Construction
New Construction

Description

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....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!
  1. Listed by Christy Alwin • Redfin Corporation
    P: (630)-399-0356 christy.alwin@redfin.com

Property Details for 550 Madison Lane

Area
Elgin
Subdivision
Madison Homes
Township
Elgin
Ownership
Fee Simple w/ HO Assn.
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Air Conditioning Type
Central Air
LISTING UPDATED: 01/22/2026 12:07 AM

Property Details for 550 Madison Lane

StatusActive
MLS #12547360
Days on Market7
Taxes$6,963 / year
HOA Fees$275 / month
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeAttached Single / Townhouse-2 Story
Year Built2008
Lot Size0.05 AC / 2,178 SF
CountyKane County

Location

Listing Courtesy of Redfin Corporation
Add your commute

Building Information for 550 Madison Lane

Stories2Residences5Year Built2008Lot Size0.05 AC / 2,178 SF

Payment Calculator

$2,487 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,632

Property Taxes

$580

HOA Dues

$275

The Payment Calculator is for illustrative purposes only.

Property Information for 550 Madison Lane

General Information
School Information
  • Elementary School District: 46
  • Elementary School: Creekside Elementary School
  • Jr High Middle School: Kimball Middle School
  • High School District: 46
  • High School: Larkin High School
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking Details: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Pet Information
  • Max Pet Weight: 999.0
  • Pet Information: Cats OK, Dogs OK
Taxes and HOA Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Exterior Maintenance
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Additional Parcels: No
Property Information
Interior Features
  • Interior Property Features: Vaulted Ceiling(s)
  • Num Of Rooms: 6
  • Bedrooms Total: 2
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 2
  • Air Conditioning: Central Air
  • Flooring: Hardwood
  • Dining Room: Combined w/ LivRm
  • Basement Bathrooms: No
  • Fireplace Location: Living Room
  • Room Type: Loft, Foyer
  • Num of Baths: 2.1
Exterior Features
  • Patio And Porch Features: Deck
  • Type: Townhouse-2 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Appliances: Range, Microwave, Dishwasher, Refrigerator
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: No
  • Age: 16-20 Years
  • Type Attached: Townhouse-2 Story
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Dimensions: 2178
  • Stories Total: 2
  • Total # Units in Building: 5.0
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Construction: Vinyl Siding, Brick
  • General Information: None
  • Living Area Source: Other
  • Management Company: Madison Homes of Elgin
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 0
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Second
  • Room Type: Master Bedroom
  • Master Bedroom Bath: Full
  • Master Bedroom Dimensions: 13X22
Bedroom #2 Information
  • 2nd Bedroom Level: Second
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 11X11
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: 15X11
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 10X19
Laundry Information
  • Laundry Level: Main
  • Room Type: Laundry
  • Laundry Dimensions: 6X8
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 15X17
Foyer Information
  • Room Level: Main
  • Room Type: Foyer
  • Dimensions: 11X9
Loft Information
  • Room Level: Main
  • Room Type: Loft
  • Dimensions: 10X13

Property History for 550 Madison Lane

DateEvent & SourcePriceAppreciation
Jan 16, 2026

Listed (Active)

MRED #12547360

$334,900—
Jun 30, 2023

Sold

MRED #11788604

$295,000—
Jun 16, 2023

Sold (Public Record)

Public Record #1514485573

$295,000

+12.5% / yr

May 29, 2023

Pending

MRED #11788604

—
May 29, 2023

Contingent

MRED #11788604

—
May 25, 2023

Listed (Active)

MRED #11788604

$289,000—
Aug 28, 2020

Sold

MRED #10724541

$210,000—
Jul 31, 2020

Sold (Public Record)

Public Record #678403831

$210,000

+20.5% / yr

Jul 8, 2020

Pending

MRED #10724541

—
Jun 9, 2020

Listed (Active)

MRED #10724541

$220,000—
Apr 7, 2018

Sold (Public Record)

Public Record #624080221

$136,333—
DateEvent & SourcePrice
01/16/2026

Listed (Active)

MRED #12547360

$334,900
06/30/2023

Sold

MRED #11788604

$295,000
06/16/2023

Sold (Public Record)

Public Record #1514485573

$295,000

+12.5% / yr

05/29/2023

Pending

MRED #11788604

—
05/29/2023

Contingent

MRED #11788604

—
05/25/2023

Listed (Active)

MRED #11788604

$289,000
08/28/2020

Sold

MRED #10724541

$210,000
07/31/2020

Sold (Public Record)

Public Record #678403831

$210,000

+20.5% / yr

07/08/2020

Pending

MRED #10724541

—
06/09/2020

Listed (Active)

MRED #10724541

$220,000
04/07/2018

Sold (Public Record)

Public Record #624080221

$136,333

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Madison Lane

Taxable ValueLand$26,007Additions$69,005Total$95,012
Tax Record2024$6,963 ($580 / month)
Home Facts
Beds2Total Finished SqFt1,783 SqFtAbove Grade Finished SqFt1,783 SqFtLot Size2,178 SqFtStyleSingle Family ResidenceYear Built2007CountyKANEAPN06-09-453-090Fireplace TypeHas Fireplace

Schools near 550 Madison Lane

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Creekside Elementary School
Public - PK to 6
Kimball Middle School
Public - 7 to 8
Larkin High School
Public - 9 to 12
Central School Program
Public - 7 to 12
Rating
School
Distance
Creekside Elementary School
PublicPK to 6

Kimball Middle School
Public7 to 8

Larkin High School
Public9 to 12

Central School Program
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 550 Madison Lane, Elgin, IL 60123

550 Madison Lane is a townhouse for sale in Elgin, IL 60123. This property was listed for sale on January 16, 2026 by Redfin Corporation, it's currently listed at $334,900. It has been on the market for a total of 7 days and was last sold on June 30, 2023. This listing's school district is School District U-46. Nearby schools include Creekside Elementary School, Kimball Middle School and Larkin High School. 550 Madison Lane is a 2-bed, 3-bath, 1,783 sqft townhouse built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin Corporation

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/22/2026 12:07 AM. 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.