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515 Madison Ln; Elgin, IL Property Details

515 Madison Ln, Elgin, IL is a Single Family that was built in 2005. This property is currently a cash purchase and is not for sale. Our records show that 515 Madison Ln has 3 bedrooms, and 2.5 bathrooms, and a total of 2,083 square feet. The lot size of 515 Madison Ln is 4,792 square feet.

Off market
515 Madison Ln Elgin, IL 60123
$420,000 Listing Price
3 Beds
2.5 Baths
2,083 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2005
  • Purchase Price: $420,000
  • Est. Equity / %: $418,000 / 100%
  • Gross Yield: 9.482%
  • APN: 06-09-453-067
  • Situs County: Kane
  • Length Of Ownership: 7 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 1
  • Water Source: Municipal

Measurements

  • Total: 2,083/SqFt
  • Lot: 4,792/SqFt
  • Gross: 4,166/SqFt
  • Living: 2,083/SqFt
  • Basement: 2,083/SqFt
  • Building: 4,166/SqFt
  • Ground: 2,083/SqFt
  • Price Per Square Foot: $201.63

Legal Description

  • Description: MADISON HOMES OF ELGIN SUB LOT 16
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: School District U-46
  • Lat / Lon: 42.043697 / -88.33113
  • Subdivision: Madison Homes Of Elgin Sub
  • Property Class: Residential
  • County Use Code: 0040

Amenities

  • Plus Four: 2537
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Parking: 2

HOA

  • H O A One: $275
  • H O A Amount: $275
  • H O A One Frequency: Monthly
  • H O A One Name: Madison Homes Property Owners Assoc Of Elgin Inc
  • H O A One Type: Home Owner Association

Ownership Info

515 Madison Ln has no associated ownership info
515 Madison Ln has no associated ownership info.

Taxes

515 Madison Ln has 10 associated Taxes items

515 Madison Ln, Elgin, IL pays taxes in Kane County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $139,211. The APN we've located for 515 Madison Ln is 06-09-453-067.

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Taxes
  • Assessed Value:  $139,211
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-09-453-067
  • Assessed Land Value:  34594
  • Market Land Value:  103824
  • Tax Amount:  9399.86
  • Tax Year:  2025
  • Market Value:  417800
  • Market Year:  2025

Tax History

515 Madison Ln has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $139,211 Land Value $34,594 Improvement Value $104,617 Tax Amount $9,399.86 Change Rate Assessed CR Tax Rate +0.067522%
Year 2024 Assessed Value $128,222 Land Value $31,863 Improvement Value $96,359 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $115,839 Land Value $28,786 Improvement Value $87,053 Tax Amount $8,510.8 Change Rate +0.037262% Assessed CR Tax Rate +0.073471%
Year 2022 Assessed Value $105,625 Land Value $26,248 Improvement Value $79,377 Tax Amount $8,205.06 Change Rate +0.048037% Assessed CR Tax Rate +0.077681%
Year 2021 Assessed Value $98,752 Land Value $24,540 Improvement Value $74,212 Tax Amount $7,828.98 Change Rate -0.089454% Assessed CR Tax Rate +0.079279%
Year 2020 Assessed Value $94,274 Land Value $23,427 Improvement Value $70,847 Tax Amount $8,598.12 Change Rate +0.168245% Assessed CR Tax Rate +0.091204%
Year 2019 Assessed Value $89,802 Land Value $22,316 Improvement Value $67,486 Tax Amount $7,359.86 Change Rate +0.024274% Assessed CR Tax Rate +0.081957%
Year 2018 Assessed Value $84,599 Land Value $21,023 Improvement Value $63,576 Tax Amount $7,185.44 Change Rate -0.989872% Assessed CR Tax Rate +0.084935%
Year 2017 Assessed Value $79,976 Land Value $19,874 Improvement Value $60,102 Tax Amount $709,443.31 Change Rate +88.65542% Assessed CR Tax Rate +8.870703%
Year 2016 Assessed Value $74,196 Land Value $18,438 Improvement Value $55,758 Tax Amount $7,913 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $68,007 Land Value $16,900 Improvement Value $51,107 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $58,011 Land Value $16,691 Improvement Value $41,320 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $59,541 Land Value $17,131 Improvement Value $42,410 Tax Amount Change Rate Assessed CR Tax Rate
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