214 Great Loop Drive,Ottawa, IL 61350
Ottawa, IL 61350
Description
Rare opportunity to own a turnkey 4-unit multifamily investment property within Heritage Harbor, a premier marina-resort community in Ottawa, Illinois, in the heart of Starved Rock Country and approximately 90 minutes from Chicago. 214 Great Loop Drive is one of four similar Canal Quarters multifamily buildings currently being offered for sale, available individually or together as a 16-unit investment portfolio. Built in 2023, this thoughtfully designed 4-flat features four fully furnished 1-bedroom, 1-bath residences, each approximately 580 square feet. Open-concept floor plans, quartz countertops, luxury vinyl plank flooring, stainless steel appliances, modern finishes and energy-efficient mechanical systems were selected with durability and low-maintenance ownership in mind. Each unit is individually metered for water/sewer and electric, providing additional flexibility for rental operations. The property is currently operated with a mix of short-term vacation and longer-term rentals, providing an investor with flexibility to adjust the rental mix based on market demand. Onsite professional management is available for both short-term vacation rentals and long-term residential leasing, including marketing, reservations, guest services, housekeeping coordination, tenant management and property oversight. Located in Heritage Harbor's walkable Navvy Town neighborhood, Canal Quarters is just steps from the marina and Harbor Walk and within a short walk of waterfront dining, pickleball, beach volleyball and other resort amenities. Heritage Harbor features a 32-acre full-service marina, five outdoor pools, more than five miles of walking and biking trails, waterfront recreation and year-round events and programming. Minutes from Starved Rock State Park and downtown Ottawa, this offering combines newer construction, furnished turnkey units, flexible rental strategies, onsite management and the amenities of an established waterfront resort. Purchase 214 Great Loop individually or inquire about acquiring all four Canal Quarters buildings and 16 units as a portfolio.
Details
| MLS # | 12741963 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 28 |
| Listing Provided By | Heritage Select Realty | Jacob Valle |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Pool | Yes |
| Acreage | 0.06 |
| Water Front | Yes |
Interior
| Rooms Total | 4 |
|---|---|
| Heating | Electric |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Other, Views |
| Construction Materials | Other |
| Patio And Porch Features | Deck |
Parking
| Parking Features | Assigned, Yes, Other |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Park, Pool, Dock, Curbs, Sidewalks, Street Lights, Street Paved, Other |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 14759.66 |
Area Information
| State | IL |
|---|---|
| County | LaSalle |
| City | Ottawa |
| Zip Code | 61350 |
| Area | Danway | Dayton | Naplate | Ottawa | Prairie Center |
| Community Name | Heritage Harbor |
| School District | Ottawa Township High School |
| Elementary School | Rutland Elementary School |
| High School | Ottawa Township High School |
| Listing VS Median (in Heritage Harbor) | |
Price: $1,075,000 low | high Med: $399,900 On site: 28 low | high Med: 125 | |
Market Activity 61350
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Learn More About This Property
| State | IL |
|---|---|
| County | LaSalle |
| City | Ottawa |
| Zip Code | 61350 |
| Area | Danway | Dayton | Naplate | Ottawa | Prairie Center |
| Community Name | Heritage Harbor |
| School District | Ottawa Township High School |
| Elementary School | Rutland Elementary School |
| High School | Ottawa Township High School |
| Listing VS Median (in Heritage Harbor) | |
Price: $1,075,000 low | high Med: $399,900 On site: 28 low | high Med: 125 | |
