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518 Madison Ln; Elgin, IL Property Details

518 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 518 Madison Ln has 2 bedrooms, and 2 bathrooms, and a total of 1,370 square feet. The lot size of 518 Madison Ln is 3,049 square feet.

Off market
518 Madison Ln Elgin, IL 60123
$170,000 Listing Price
2 Beds
2 Baths
1,370 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 2005
  • Purchase Price: $170,000
  • Est. Equity / %: $338,000 / 100%
  • Gross Yield: 8.226%
  • APN: 06-09-376-032
  • Situs County: Kane
  • Length Of Ownership: 12 years, 1 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1

Measurements

  • Total: 1,370/SqFt
  • Lot: 3,049/SqFt
  • Gross: 2,740/SqFt
  • Living: 1,370/SqFt
  • Basement: 1,370/SqFt
  • Building: 2,740/SqFt
  • Ground: 1,370/SqFt
  • Price Per Square Foot: $124.09

Legal Description

  • Description: MADISON HOMES OF ELGIN SUB LOT 1 AS DESC IN DOC 2005K127683
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: 42.04403 / -88.331406
  • 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

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

Taxes

518 Madison Ln has 10 associated Taxes items

518 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 $88,477. The APN we've located for 518 Madison Ln is 06-09-376-032.

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Taxes
  • Assessed Value:  $88,477
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-09-376-032
  • Assessed Land Value:  28236
  • Market Land Value:  84742
  • Tax Amount:  3045.38
  • Tax Year:  2025
  • Market Value:  265537
  • Market Year:  2025

Tax History

518 Madison Ln has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $88,477 Land Value $28,236 Improvement Value $60,241 Tax Amount $3,045.38 Change Rate Assessed CR Tax Rate +0.03442%
Year 2024 Assessed Value $81,493 Land Value $26,007 Improvement Value $55,486 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $73,622 Land Value $23,495 Improvement Value $50,127 Tax Amount $3,402.82 Change Rate -0.12634% Assessed CR Tax Rate +0.04622%
Year 2022 Assessed Value $67,130 Land Value $21,423 Improvement Value $45,707 Tax Amount $3,894.9 Change Rate -0.028088% Assessed CR Tax Rate +0.05802%
Year 2021 Assessed Value $62,762 Land Value $20,029 Improvement Value $42,733 Tax Amount $4,007.46 Change Rate -0.021779% Assessed CR Tax Rate +0.063852%
Year 2020 Assessed Value $59,916 Land Value $19,121 Improvement Value $40,795 Tax Amount $4,096.68 Change Rate -0.023484% Assessed CR Tax Rate +0.068374%
Year 2019 Assessed Value $57,074 Land Value $18,214 Improvement Value $38,860 Tax Amount $4,195.2 Change Rate -0.073995% Assessed CR Tax Rate +0.073505%
Year 2018 Assessed Value $63,758 Land Value $17,159 Improvement Value $46,599 Tax Amount $4,530.43 Change Rate -0.990194% Assessed CR Tax Rate +0.071057%
Year 2017 Assessed Value $60,274 Land Value $16,221 Improvement Value $44,053 Tax Amount $461,998.03 Change Rate +76.469% Assessed CR Tax Rate +7.664964%
Year 2016 Assessed Value $55,918 Land Value $15,049 Improvement Value $40,869 Tax Amount $5,963.65 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $51,254 Land Value $13,794 Improvement Value $37,460 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $45,630 Land Value $13,624 Improvement Value $32,006 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $46,833 Land Value $13,983 Improvement Value $32,850 Tax Amount Change Rate Assessed CR Tax Rate
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