514 Madison Ln, Elgin, IL 60123 Property Records

Kane County property record for 514 Madison Ln, Elgin, IL 60123

Property Summary

Property Type	Single Family Home
Details	2 bd · 2.5 ba · 1,783 sqft · built 2005
Lot Size	0.5 acres (2,178 sqft)
Owner	2 Individual Names on File
Last Sale	$310,000 (Dec 2025)
Tax Bill	$6,516 (2025)
Deeds & Mortgages	Dec 2025 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`06-09-376-030`

Property Details

APN / Parcel Number

Primary APN	`06-09-376-030`

Interior

Bedrooms	2 Beds
Full Baths	2.5 Baths
Half Baths	1 Half Bath
Total Rooms	6 Rooms
Stories	2 Stories
Building Area	1,783 sqft Living Area
Gross Area	2,734 sqft
Basement Area	951 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2005
Effective Year Built	Effective 2005
Construction Type	Frame
Lot Area	2,178 sqft (0.5 acres)
Lot Width	26 ft Width
Garage Type	Attached
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	HVAC

Location & Zoning

Street Address	514 MADISON LN
City	ELGIN
State	IL
Zip	60123-2537
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	MADISON HOMES OF ELGIN SUB LOT 1 AS DESC IN DOC 2005K127051
Legal Subdivision	MADISON HOMES OF ELGIN SUB
Legal Block	3
Legal Lot Number	1
Jurisdiction	KANE IL
Township / Civil Division	ELGIN
Census Block Group	3
Census Block	3026
Census Tract	851909

Owner

Source: Kane County records · APN 06-09-376-030

Assessment roll updated December 26, 2025 · Last verified July 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on File
Mailing Address	514 MADISON LN, ELGIN, IL 60123-2537
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Dec 11, 2025 · Amount on Record
Deed Sale	Dec 11, 2025 · Amount on Record
Prior Sale	Oct 21, 2005 · Amount on Record
Deed Document Number	202549254
Record Updated	Sep 20, 2026

December 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	KANE IL
Recording Date	Dec 11, 2025
Property Address	514 MADISON LN, ELGIN, IL 60123-2537
Document Number	0000049254
Map Reference	DOC 2004K126735
Instrument Date	Nov 05, 2025
Instrument	2025K049254
Transaction Type	Transfer
Record Updated	Dec 19, 2025
Title Company	CARRINGTON TITLE PARTNERS LLC, CARRINGTON TTL PARTNERS LLC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$310.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	514 MADISON LN, ELGIN, IL 60123-2537

Mortgage

Document Number	0000049255
Date	Dec 11, 2025
Instrument	2025K049255

Lender

Name	LOWER LLC
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 01, 2055

Interest

Rate Type	Fixed Rate
Rate	5.87%

Tax Assessment & Valuation

Source: Kane County records · Assessment roll updated December 26, 2025 · Last verified July 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Kane County
County Subdivision	Elgin Township
Municipality	Elgin City
Unified School District	School District U-46 (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$6,516.00 (+5.2%) Homeowner's exemption Senior Citizen's exemption
2024	$6,194.00 (+0.7%) Homeowner's exemption	$93,407 (+21.39%) Land $26,007 Building $67,400	$280,333 (+21.44%) Land $78,052 Building $202,281
2022	$6,151.00 (+4.57%) Homeowner's exemption	$76,945 (+6.96%) Land $21,423 Building $55,522	$230,835 (+6.96%) Land $64,269 Building $166,566
2021	$5,882.00 Homeowner's exemption	$71,938 Land $20,029 Building $51,909	$215,814 Land $60,087 Building $155,727

Flood & Wildfire

Source: FEMA National Flood Hazard Layer as of October 8, 2026 · FEMA NFIP claims and policies as of September 2026 · USDA Forest Service Wildfire Risk to Communities as of 2024 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Wildfire

Wildfire Risk	Low lower than 99.1% of the US · lower than 94% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Internet Providers

Source: FCC Broadband Data Collection as of December 31, 2025 · Last verified October 2026

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Radiate Holdings Cable	1,500 / 50
T-Mobile USA Fixed Wireless	100 / 20
AT&T DSL · Fiber, Fixed Wireless in parts of the area	100 / 20

May also be available: Opiquad.

Based on FCC filings for 187 locations within half a mile of this property.

Drinking Water

Source: EPA Safe Drinking Water Information System as of 2026 Q3 · EPA water system boundaries as of March 2026 · Last verified October 2026

Water System	ELGIN serves 114,797 people
Water Source	Surface water
Last State Inspection	Aug 2025
Lead	19 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	8 last 3 years

Results are for the whole water system as reported to EPA, not water tested at this address; lead at the tap also depends on the building's own pipes. The full violation and enforcement history is in the system's EPA record.