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$334,900 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,783 Sq. Ft.
  • 2 Car Garage
  • Updated 6 hours ago

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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!

Full Property Details for 550 Madison Ln

General

  • Price: $334,900
  • HOA FEE: $275/month
  • Taxes: $6,963 (2024)
  • Status: Active
  • Type: Townhouse
  • Source: MRED
  • MLS ID: 12547360
  • Updated: Today (1/16/2026)
  • Added to Site: Today

Interior

  • Basement: Unfinished
  • Interior Features: Vaulted Ceiling(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Parking

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

Location

  • Area: Elgin
  • County: Kane
  • Township: Elgin
  • Subdivision: Madison Homes
  • Driving Directions: Randall Rd, E on Highland Ave, N on Madison to property.

School Information

  • School District: 46
  • Elem School District: 46
  • Midd School District: 46
  • High 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: Exterior Maintenance
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
  • Mgmt. Company: Madison Homes of Elgin

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Townhouse (2-Story)
  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Doors: Sliding Doors
  • Sub-Flooring: Hardwood
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Square Feet: 1,783
  • Sq. Ft. Source: Other
  • Year Built: 2007

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Dimensions: 2178

Animals

  • Animals Allowed: Cats OK, Dogs OK

Financial Considerations

  • Association Fee: $275
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Assessment Year: 2007
  • Tax Amount: $6,963.42
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple with Homeowners Association
  • Property ID: 609453090

Listed by Redfin Corporation

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Listing agent

— 550 Madison Ln —

  • Redfin Corporation

(224) 699-5002

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 550 Madison Ln

School District:School District U-46
NameGradesDistance
Creekside Elementary School, Elgin, IL
655 North Airlite Street, Elgin, IL 60123
K-60.4 mi
Kimball Middle School
451 North McLean Boulevard, Elgin, IL 60123
7-81 mi
Larkin High School
1475 Larkin Avenue, Elgin, IL 60123
9-121.3 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 550 Madison Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Listed
$334,900
13.53%
MLS
6/16/2023
Sold
$295,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 550 Madison Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,963
5%
$95,012
11%
2023
$6,635
6%
$85,836
10%
2022
$6,266
5%
$78,267
7%
2021
$5,993
—
$73,174
5%
2021
$5,993
6%
$69,856
5%
2019
$5,654
-7%
$66,542
-1%
2018
$6,050
2%
$67,192
6%
2017
$5,916
5%
$63,520
8%
2016
$5,645
1%
$58,930
9%
2015
$5,568
10%
$54,015
17%
2014
$5,067
9%
$46,346
-3%
2012
$4,638
—
$47,568
—
View All
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 for 550 Madison Ln

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NMLS#: 1598647

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Listed by Redfin Corporation

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550 Madison Lane, Elgin, IL 60123 (MLS# 12547360) is a Townhouse property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 550 Madison Lane is currently listed for $334,900 and was received on January 16, 2026. Want to learn more about 550 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.

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