214 Great Loop DriveOttawa, 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2023

Lot dimensions

56x45x56x45

Parking spaces

4

Ownership

Fee Simple w/ HO Assn.

Days on market

37

MLS^® Listing#

12741963

Property Features

Heating

Electric

Basement

Unfinished · Full

Parking

Assigned · Other

Patio

Deck

Lot features

Corner Lot · Other · Views

Construction

Other

Foundation

Concrete Perimeter

Roof

Asphalt

Community

Park · Pool · Curbs · Sidewalks · Street Lights · Other

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Rutland Elementary School

Middle

Rutland Elementary School

High

Ottawa Township High School

District

Ottawa Township High School

Financial Details

Annual taxes

$14,760Tax year 2025

Parcel number

1544404040

Directions

From I-80, south on Rt-71. South on N 2871st Rd. East on Canal Rd. South on Harbor View Drive. East on Great Loop Drive.