Active

501 Cherry Street

Leroy, IL 61752
$229,000
4beds
2baths
sqft
0.2acres
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About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential Income
Year built1987
Garage spaces2.5
Lot size0.2 acres
Architectural styleRanch
Annual tax$3,068
CountyMcLean
MLS #MRD12626227
Days on market3

Schools

ElementaryLeroy Elementary School
Middle / JuniorLeroy Junior High School
High schoolLeroy High School

Features

Heating
Forced Air
Parking
Garage Door OpenerYesGarage OwnedDetachedDrivewayOwnedGarage
Construction
Vinyl SidingBrick
Lot features
Corner Lot
Sewer
Public Sewer
Listed by
RE/MAX Rising
Chad Allen Lange

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/24/2026, 9:39:12 AM. All data should be independently verified.

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