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$229,000
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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.
Full Property Details
Full Property Details for 501 E Cherry St
General
- Sold For: $229,000
- Taxes: $3,068 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12626227
- Added to Site: 82 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Carbon Monoxide Detectors
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 6
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Driveway, Owned, Garage
Location
- Area: LeRoy
- County: McLean
- Driving Directions: US 150 to Cherry past the park on the first property on the right at the corner of Cherry and Mill
School Information
- School District: 2
- Midd School District: 2
- Elementary School: Leroy Elementary School
- Middle School: Leroy Junior High School
- High School: Leroy High School
- Private School: Leroy High School
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Water: Public
Structural Information
- Architectural Style: Ranch
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement Desc.: Crawl Space
- Foundation: Block
- Roof: Asphalt
- Year Built: 1987
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.2
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 88 x 132
- Lot Features: Corner Lot
- Zoning: SINGL
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1987
- Tax Amount: $3,068
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3021328001
Listed by RE/MAX Rising
Sold by Vesta Real Estate LLC
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Schools
Schools serving 501 E Cherry St
School District:Le Roy Community Unit School District 2
| Name | Grades | Distance |
|---|---|---|
Leroy Elementary School, Le Roy, IL 805 North Barnett Street, Le Roy, IL 61752 | PK-6 | 0.4 mi |
Leroy Junior High School 505 East Center Street, Le Roy, IL 61752 | 7-8 | 0.1 mi |
Leroy High School 505 East Center Street, Le Roy, IL 61752 | 9-12 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 E Cherry St
Date
Details
Price
Change
Source
5/11/2026
Sold
$229,000
—
MLS
4/22/2026
Listed
$229,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
501 E Cherry Street, Leroy, IL 61752 (MLS# 12626227) is a Multi-Family property that was sold at $229,000 on May 11, 2026. Want to learn more about 501 E Cherry Street? Do you have questions about finding other Multi-Family real estate for sale in Leroy? You can browse all Leroy real estate or contact a Coldwell Banker agent to request more information.
