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522 Madison Ln; Elgin, IL Property Details

522 Madison Ln, Elgin, IL is a Single Family that was built in 2005. This property is currently Financed and is not for sale. Our records show that 522 Madison Ln has 2 bedrooms, and 2 bathrooms, and a total of 1,370 square feet. The lot size of 522 Madison Ln is 3,049 square feet.

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

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2005
  • Purchase Price: $170,000
  • Open Loans / Balance: 1 / $61,985
  • Est. Equity / %: $276,015 / 81.66%
  • Gross Yield: 8.151%
  • APN: 06-09-453-069
  • Situs County: Kane
  • Length Of Ownership: 10 years, 6 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 2 AS DESC IN DOC 2005K132978
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: 42.0441 / -88.33116
  • 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

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

Taxes

522 Madison Ln has 10 associated Taxes items

522 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 $87,684. The APN we've located for 522 Madison Ln is 06-09-453-069.

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Taxes
  • Assessed Value:  $87,684
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-09-453-069
  • Assessed Land Value:  28236
  • Market Land Value:  84742
  • Tax Amount:  3004.26
  • Tax Year:  2025
  • Market Value:  263157
  • Market Year:  2025

Tax History

522 Madison Ln has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $87,684 Land Value $28,236 Improvement Value $59,448 Tax Amount $3,004.26 Change Rate Assessed CR Tax Rate +0.034262%
Year 2024 Assessed Value $80,762 Land Value $26,007 Improvement Value $54,755 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $72,962 Land Value $23,495 Improvement Value $49,467 Tax Amount $3,356.88 Change Rate -0.127666% Assessed CR Tax Rate +0.046009%
Year 2022 Assessed Value $66,528 Land Value $21,423 Improvement Value $45,105 Tax Amount $3,848.16 Change Rate -0.028085% Assessed CR Tax Rate +0.057843%
Year 2021 Assessed Value $62,199 Land Value $20,029 Improvement Value $42,170 Tax Amount $3,959.36 Change Rate -0.021781% Assessed CR Tax Rate +0.063656%
Year 2020 Assessed Value $59,379 Land Value $19,121 Improvement Value $40,258 Tax Amount $4,047.52 Change Rate -0.023485% Assessed CR Tax Rate +0.068164%
Year 2019 Assessed Value $56,562 Land Value $18,214 Improvement Value $38,348 Tax Amount $4,144.86 Change Rate -0.073994% Assessed CR Tax Rate +0.07328%
Year 2018 Assessed Value $63,144 Land Value $17,159 Improvement Value $45,985 Tax Amount $4,476.06 Change Rate -0.990194% Assessed CR Tax Rate +0.070887%
Year 2017 Assessed Value $59,693 Land Value $16,221 Improvement Value $43,472 Tax Amount $456,454.22 Change Rate +76.2843% Assessed CR Tax Rate +7.646696%
Year 2016 Assessed Value $55,379 Land Value $15,049 Improvement Value $40,330 Tax Amount $5,906.17 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $50,760 Land Value $13,794 Improvement Value $36,966 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $45,067 Land Value $13,624 Improvement Value $31,443 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $46,255 Land Value $13,983 Improvement Value $32,272 Tax Amount Change Rate Assessed CR Tax Rate