Date
Details
Price
Change
Source
10/22/2025
Listed
$364,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$364,900
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1/19
Property Description
Solid Brick Ranch in Prime Cul-de-Sac Location First time on the market in decades! This well-built brick ranch with nearly 2,500 sq ft of living space offers outstanding space, layout, and long-term potential in one of the area's few cul-de-sac settings. The home features 3 bedrooms and 2 full baths, including a full bath in the finished basement. A spacious family room/dining addition-complete with its own furnace and A/C-adds valuable living space ideal for gatherings and entertaining. Hardwood floors lie beneath the living room, hallway, and all three bedrooms, ready to be refinished and revealed. The finished basement includes a recreation area, game area, full bath, laundry room, and storage room, providing exceptional flexibility and functionality. Recent improvements include newer windows, roof, and HVAC, offering peace of mind and efficiency. Larger than most ranch homes in the area thanks to its full basement and generous addition, this property is a true diamond in the rough-a rare opportunity with excellent equity potential for the next owner.
Full Property Details
Full Property Details for 542 Memory Ln
General
- Price: $364,900
- Taxes: $6,666 (2024)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12500774
- Updated: 1/5/2026
- Added to Site: 86 day(s) ago
Rental Information
- Complex Features: Park, Tennis Court(s), Lake, Dock, Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Finished, F
- Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Built-in Features
- Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Range Hood
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Basement Baths: Yes
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 3
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Water Heater-Gas
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Concrete, Side Driveway, Garage Door Opener, Garage, Yes, Garage Owned, Detached
Location
- Area: Addison
- County: DuPage
- Township: Addison
- Subdivision: Pioneer Park
- Driving Directions: Army Trail Blvd, S on N Mill Rd, E on Memory Ln to 1st cul de sac on N to home on W side of street
School Information
- School District: 4
- Elem School District: 4
- Midd School District: 4
- High School District: 88
- Elementary School: Army Trail Elementary School
- Middle School: Indian Trail Junior High School
- High School: Addison Trail High School
- Private School: Addison Trail High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning, Electric
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Structural Information
- Architectural Info: Ranch, Step Ranch
- Architectural Style: Ranch, Step Ranch
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Windows: Screens, Skylight(s)
- Sub-Flooring: Hardwood
- Square Feet: 2,498
- Sq. Ft. Source: Plans
- Year Built: 1959
- Built Before 1978: Yes
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.2076
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 44 x 94
- Fence: Yes
- Lot Features: Cul-De-Sac, Landscaped, Wooded, Mature Trees
- Fencing (Description): Fenced
Green Features
- Energy Efficient: Enhanced Air Filtration, Low flow commode, Low flow fixtures, Native/drought resistant landscaping
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1959
- Tax Amount: $6,666.08
- Tax Year: 2024
- Pays Sewer: Public Sewer, Storm Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 329204010
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— 542 Memory Ln —
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NMLS#: 1598647
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Schools
Schools serving 542 Memory Ln
School Districts:Addison School District 4, Dupage High School District 88
| Name | Grades | Distance |
|---|---|---|
Army Trail Elementary School 346 Army Trail Boulevard, Addison, IL 60101 | K-5 | 0.3 mi |
Indian Trail Jr High School 222 North Jf Kennedy Drive, Addison, IL 60101 | 6-8 | 0.9 mi |
Addison Trail High School 213 North Lombard Road, Addison, IL 60101 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 542 Memory Ln
Tax History
Tax History for 542 Memory Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,666
17%
$102,580
16%
2022
$5,714
56%
$88,580
4%
2021
$3,666
-2%
$84,850
4%
2020
$3,733
-3%
$81,270
4%
2019
$3,865
-4%
$78,140
5%
2018
$4,029
-2%
$74,370
5%
2017
$4,120
-6%
$71,080
8%
2016
$4,368
-6%
$65,630
8%
2015
$4,639
-3%
$60,630
-2%
2014
$4,795
2%
$61,960
-2%
2013
$4,710
—
$63,230
-6%
2012
$4,702
—
$67,510
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 542 Memory Ln
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542 Memory Lane, Addison, IL 60101 (MLS# 12500774) is a Single Family property with 3 bedrooms and 2 full bathrooms. 542 Memory Lane is currently listed for $364,900 and was received on October 22, 2025. Want to learn more about 542 Memory Lane? Do you have questions about finding other Single Family real estate for sale in Addison? You can browse all Addison real estate or contact a Coldwell Banker agent to request more information.