Back 514 Madison Lane
Off Market

514 Madison Lane

Elgin IL 60123

2
3
2
1771 sq. ft.
Townhouse
Last sold for $310,000
Melissa WarrenMelissa Warren, last sold this property on 18 November 2025 after 152 days on market.

Overview

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!

Features

2 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
1771 sq. ft. floor area
Townhouse

Estimated Value

Based on this property and similar 2 bedroom townhouses sold in Elgin over the last 12 months, the estimated median property value of 514 Madison Lane is $298k.

Median value
$298k
Estimated value range
$195.9k - $427.14k
Median days on market
11
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Elgin. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 514 Madison Lane

2025
Sold
$310,000
18 Nov 2025 by Melissa Warren, of HOMESMART Connect LLC - Algonquin

Happy sellers in Elgin

96%
96% of sellers in Elgin reported that their sale price either exceeded or met their price expectations.

Elgin stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Elgin over the last 12 months.

Local market activity for 2 bedroom townhouses in Elgin

In the last 12 months, 37 two-bedroom townhouses similar to 514 Madison Lane, have been sold.

This represents a 8% increase in two-bedroom townhouses sales when compared to the previous 12 months.

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