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554 Madison Ln; Elgin, IL Property Details

554 Madison Ln, Elgin, IL is a Single Family that was built in 2007. This property is currently Financed and is not for sale. Our records show that 554 Madison Ln has 2 bedrooms, and 2 bathrooms, and a total of 1,370 square feet. The lot size of 554 Madison Ln is 3,049 square feet.

Off market
554 Madison Ln Elgin, IL 60123
$88,314 Estimated Value
2 Beds
2 Baths
1,370 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2007
  • Purchase Price: $225,000
  • Open Loans: 1
  • Gross Yield: 8.454%
  • APN: 06-09-453-089
  • Situs County: Kane
  • Length Of Ownership: 17 years, 8 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: $164.23

Legal Description

  • Description: MADISON HOMES OF ELGIN SUB LOT 4 AS DESC IN DOC 2008K067726
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: 42.045315 / -88.33126
  • 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

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

Taxes

554 Madison Ln has 10 associated Taxes items

554 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 $88,314. The APN we've located for 554 Madison Ln is 06-09-453-089.

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Taxes
  • Assessed Value:  $88,314
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  06-09-453-089
  • Assessed Land Value:  28236
  • Market Land Value:  84742
  • Tax Amount:  2064.96
  • Tax Year:  2025
  • Market Value:  265048
  • Market Year:  2025

Tax History

554 Madison Ln has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $88,314 Land Value $28,236 Improvement Value $60,078 Tax Amount $2,064.96 Change Rate Assessed CR Tax Rate +0.023382%
Year 2024 Assessed Value $81,343 Land Value $26,007 Improvement Value $55,336 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $73,487 Land Value $23,495 Improvement Value $49,992 Tax Amount $2,477.82 Change Rate -0.108884% Assessed CR Tax Rate +0.033718%
Year 2022 Assessed Value $67,007 Land Value $21,423 Improvement Value $45,584 Tax Amount $2,780.58 Change Rate -0.028082% Assessed CR Tax Rate +0.041497%
Year 2021 Assessed Value $62,647 Land Value $20,029 Improvement Value $42,618 Tax Amount $2,860.92 Change Rate -0.021781% Assessed CR Tax Rate +0.045667%
Year 2020 Assessed Value $59,806 Land Value $19,121 Improvement Value $40,685 Tax Amount $2,924.62 Change Rate -0.080817% Assessed CR Tax Rate +0.048902%
Year 2019 Assessed Value $56,969 Land Value $18,214 Improvement Value $38,755 Tax Amount $3,181.76 Change Rate -0.045419% Assessed CR Tax Rate +0.055851%
Year 2018 Assessed Value $63,628 Land Value $17,159 Improvement Value $46,469 Tax Amount $3,333.15 Change Rate -0.989894% Assessed CR Tax Rate +0.052385%
Year 2017 Assessed Value $60,151 Land Value $16,221 Improvement Value $43,930 Tax Amount $329,820.81 Change Rate +54.4181% Assessed CR Tax Rate +5.483214%
Year 2016 Assessed Value $55,804 Land Value $15,049 Improvement Value $40,755 Tax Amount $5,951.5 Change Rate Assessed CR Tax Rate +0.10665%
Year 2015 Assessed Value $51,150 Land Value $13,794 Improvement Value $37,356 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
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