501 E Cherry Street, Leroy, Illinois 61752

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Sold Price
$229,000
List Price
$229,000
Closing Date
May 11, 2026
MLS#
12626227
Status
CLOSED
Type
Multifamily
Subtype
Residential Income
Bedrooms
4
Bathrooms
2
County
McLean
City
Leroy
Neighborhood
LeRoy
Days On Market
2

Property Description

Get ready because this one doesn't just hit the market... it detonates onto the scene in spectacular fashion. Welcome to a fully updated ranch duplex in the heart of LeRoy that delivers the kind of opportunity investors and savvy owner-occupants dream about-but rarely find. With two thoughtfully designed units, each offering 2 bedrooms, 1 bath, and their own private, spacious laundry rooms (yes-washers & dryers included!), this property is primed to perform from day one. From the curb, the charm is immediate. A fantastic front deck invites morning coffee and evening unwinds, while the expansive driveway and detached two-car garage provide all the space you-and your tenants-could ever need. Tucked behind the units, a beautiful courtyard area creates the perfect shared outdoor retreat... ideal for grilling, relaxing, or simply enjoying a quiet moment under the Central Illinois sky. Inside, the updates continue to shine. Fresh paint throughout, refreshed kitchens, and a newer roof overhead mean the heavy lifting has already been done leaving you free to focus on what matters most: enjoying the property or watching your investment grow. And the location? It's the spark that sets everything off. Situated directly across from Bowman Park, you've got green space, recreation, and small-town charm right at your doorstep. It's the kind of setting that draws renters in and keeps them there. Whether you're looking to ignite your portfolio or settle into one side while the other helps cover the mortgage, this duplex is a rare blend of comfort, convenience, and cash-flow potential. Opportunities like this don't quietly sit, they make noise. Don't miss your chance to capitalize on this explosive opportunity for investors and owner-occupants alike.

Additional Information

School District
2
Elementary School
Leroy Elementary School
Middle School
Leroy Junior High School
High School
Leroy High School
Corporate Limits
Leroy
Tax Year
2023
Year Built
1987
Lot Dimensions
88X132
Lot Size Range
Less Than .25 Acre
Units
2
Garage Spaces
2.5
Parking Spaces
6.5
Parking Details
Garage Door Opener, Yes, Garage Owned, Detached, Driveway, Owned, Garage
Heating
Forced Air
Sewer
Public Sewer
Basement
Yes

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: Vesta Real Estate LLC.



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