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$310,000

  • Sold
  • Closed
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,771 Sq. Ft.
  • 2 Car Garage
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Welcome to this spacious and well-maintained 2-bedroom, 2.5-bath townhome, perfect for comfortable living and effortless entertaining. Step inside to find an inviting main level featuring a modern kitchen with ample cabinet space, and an eating area. Open dining room with abundance of natural light flowing into family room with gas fireplace. A convenient half-bath completes the main floor. Upstairs, you'll find a loft plus two generously sized bedrooms, each with its own en-suite full bathroom-ideal for privacy and relaxation. The primary suite boasts a large closet and plenty of natural light. Downstairs, the full basement offers endless potential. Partially finished, it includes a versatile flex space that can be used as a family room, home office, gym, or hobby area. The unfinished portion provides ample storage or the opportunity to expand your living space. Additional highlights include in-unit laundry, dedicated parking, and a private outdoor area perfect for relaxing or grilling. Located in a quiet community with easy access to shopping, dining, and commuter routes, this townhome is a must-see!

Full Property Details for 514 Madison Ln

General

  • Sold For: $310,000
  • HOA FEE: $260/month
  • Taxes: $6,194 (2024)
  • Status: Closed
  • Type: Townhouse
  • Source: MRED
  • MLS ID: 12387736
  • Added to Site: 211 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): Family Room, Gas Starter
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom Features: Double Sink, Soaking Tub

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Asphalt, Garage Door Opener, Yes, Attached, Garage

Location

  • Area: Elgin
  • County: Kane
  • Subdivision: Madison Homes
  • Driving Directions: Randall to Highland Ave East to Madison North to home

School Information

  • School District: 46
  • Midd School District: 46
  • Elementary School: Creekside Elementary School
  • Middle School: Kimball Middle School
  • High School: Larkin High School
  • Private School: Larkin High School

Community

  • Assoc. Fees Include: Insurance, Exterior Maintenance, Lawn Care, Snow Removal
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
  • Mgmt. Company: Madison Homes Of

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Water: Public

Structural Information

  • Structure Type: Townhouse (2-Story)
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement Desc.: Partially Finished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Square Feet: 1,771
  • Sq. Ft. Source: Builder
  • Year Built: 2005

Unit Information

  • Units in Building: 5

Manufactured Home

  • Model: BIRCH

Lot Features

  • Lot Dimensions: 28 x 77 x 30 x 77

Financial Considerations

  • Association Fee: $260
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 2005
  • Tax Amount: $6,194.76
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple with Homeowners Association
  • Property ID: 609376030

Listed by HomeSmart Connect, LLC.
Sold by Compass

Listing agent

— 514 Madison Ln —

  • HomeSmart Connect, LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 514 Madison Ln

School District:School District U-46
NameGradesDistance
Creekside Elementary School, Elgin, IL
655 North Airlite Street, Elgin, IL 60123
K-60.5 mi
Kimball Middle School
451 North McLean Boulevard, Elgin, IL 60123
7-81.1 mi
Larkin High School
1475 Larkin Avenue, Elgin, IL 60123
9-121.2 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 514 Madison Ln

Date
Details
Price
Change
Source
11/18/2025
Sold
$310,000
-6.06%
MLS
6/18/2025
Listed
$330,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by HomeSmart Connect, LLC.
Sold by Compass

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514 Madison Lane, Elgin, IL 60123 (MLS# 12387736) is a Townhouse property that was sold at $310,000 on November 18, 2025. Want to learn more about 514 Madison Lane? Do you have questions about finding other Townhouse real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.