RENTED OCT 2, 2025

540 Legend Ln Unit 74 McHenry, IL 60050

Estimated Value: $286,000 - $306,000

3 Beds
3 Baths
2,054 Sq Ft
$144/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $190,000 $93 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,036/month

Highlights

  • Water Views
  • Home fronts a pond
  • Patio
  • McHenry Community High School - Upper Campus Rated A-
  • Deck
  • Park

About This Home

As of October 2025

Welcome to the largest and most desirable "Discovery" model in Legend Lakes! This spacious end-unit townhouse offers over 2,000 square feet of living space and a beautiful lakefront setting, giving you gorgeous views to enjoy every day. The open-concept living and dining room is highlighted by a see-through gas fireplace, while the finished walk-out lower level adds even more living space with a family room, full bathroom, and access to your private patio-perfect for entertaining or simply relaxing by the water. With three bedrooms, three full bathrooms, and mint condition throughout, this home is move-in ready and smart-home equipped, with internet included in the rent. Available October 1st, this rental requires a minimum 12-month lease, 680+ credit score, and income of at least three times the monthly rent. A maximum occupancy limit applies, dogs up to 40 lbs will be considered with additional rent and deposit, no smoking of any type is allowed, and renter's insurance is required. Lakefront living at its finest-don't miss the opportunity to make this beautiful home yours!

Last Agent to Rent the Property

Brandy Schuldt

Keller Williams North Shore West License #475153058 Listed on: 09/05/2025

Keller Williams North Shore West

Last Renter's Agent

Brandy Schuldt

Keller Williams North Shore West License #475153058 Listed on: 09/05/2025

Keller Williams North Shore West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • Home fronts a pond

Parking

  • 2 Car Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,054 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Sided Fireplace
  • Attached Fireplace Door
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Home Security

  • Video Cameras
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck
  • Patio

Schools

  • Valley View Elementary School
  • Parkland Middle School
  • Mchenry Campus High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Listing and Financial Details

  • Security Deposit $2,800
  • Property Available on 10/1/25
  • Rent includes water, exterior maintenance, lawn care, snow removal, internet
  • 12 Month Lease Term

Community Details

Overview

  • 4 Units
  • Account Executive Association, Phone Number (815) 459-9187
  • Legend Lakes Subdivision
  • Property managed by Northwest Property Management

Recreation

  • Park

Pet Policy

  • Pets up to 40 lbs
  • Dogs Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Available Date: 2025-10-01
  • Lease Term: 12 Months
  • Board Number: 3
  • Pets Allowed (Y/N): Yes
  • Rental Price: 2800
  • Security Deposit: 2800
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 40

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • EntryLevel: 1
  • Property Attached: Yes
  • Subdivision Name: Legend Lakes
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Rented
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Double Sided, Attached Fireplace Doors/Screen, Gas Log
  • Fireplaces: 1
  • Furnished: No
  • Interior Amenities: Cathedral Ceiling(s)
  • LivingArea: 2054
  • Other Equipment: CO Detectors, Ceiling Fan(s), Security Cameras
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 2054
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Living Room
  • Total Sq Ft: 2054
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt
  • View: Water
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Asphalt, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Dogs OK
  • Association Amenities: Park
  • Rent Includes: Water, Exterior Maintenance, Lawn Care, Snow Removal, Internet
  • Management: Manager Off-site
  • Management Company: Northwest Property Management
  • Management Contact Name: Account Executive
  • Management Phone: 815-459-9187

Schools

  • Elementary School: Valley View Elementary School
  • High School: Mchenry Campus
  • Middle/Junior School: Parkland Middle School

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Jun 18, 2020
Sold by
Erickson Ronald B and Erickson Ranveig L
Bought by
Artinghelli James Joseph
Seller's Agent
Dennis Drake
Century 21 Integra
Buyer's Agent
Dianne Rago
Charles Rutenberg Realty of IL
List Price
$187,000
Sold Price
$190,000
Premium/Discount to List
$3,000
1.6%
Current Estimated Value
$295,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,895
Avg. Annual Appreciation
8.26%
Original Mortgage
$196,840
Outstanding Balance
$174,155
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$121,740

Purchase Details

Listed on
Dec 5, 2015
Closed on
Mar 31, 2016
Sold by
Hoak William S and Hoak Joann W
Bought by
Erickson Ronald B and Erickson Ranveig L
Seller's Agent
Richard Toepper
Keller Williams Success Realty
Buyer's Agent
Dennis Drake
Century 21 Integra
List Price
$159,900
Sold Price
$157,500
Premium/Discount to List
-$2,400
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$157,500
Interest Rate
3.75%
Mortgage Type
VA

Purchase Details

Closed on
Jun 22, 2005
Sold by
Legend Lakes Lp
Bought by
Hoak William S and Hoak Joann W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Artinghelli James Joseph $190,000 Attorney
Erickson Ronald B $157,500 Fidelity Natl Title
Hoak William S $239,516 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Artinghelli James Joseph $196,840
Previous Owner Erickson Ronald B $157,500
Previous Owner Hoak William S $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2025 10/02/25 Rented $2,800 0.0% --
09/30/2025 09/30/25 Under Contract -- -- --
09/05/2025 09/05/25 For Rent $2,800 0.0% --
06/18/2020 06/18/20 Sold $190,000 +1.6% $93 / Sq Ft View Prior Sale
05/16/2020 05/16/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $187,000 +18.7% $91 / Sq Ft
03/31/2016 03/31/16 Sold $157,500 -1.5% $77 / Sq Ft View Prior Sale
01/22/2016 01/22/16 Pending -- -- --
12/05/2015 12/05/15 For Sale $159,900 -- $78 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,852 $77,183 $7,986 $69,197
2023 $5,649 $69,148 $7,155 $61,993
2022 $5,524 $64,151 $6,638 $57,513
2021 $5,258 $59,742 $6,182 $53,560
2020 $4,642 $57,879 $10,127 $47,752
2019 $4,533 $54,960 $9,616 $45,344
2018 $4,301 $48,533 $9,180 $39,353
2017 $4,078 $45,550 $8,616 $36,934
2016 $3,882 $42,570 $8,052 $34,518
2013 -- $40,790 $7,927 $32,863
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12465161

Midwest Real Estate Data (MRED)

APN: 09-32-428-028