200 Great Loop Drive
Ottawa, IL, 61350 $ 4,650,000
Bedrooms3 Baths0.0 Monthly Estimate*
$ 28,631
for $4,650,000 with 3 bedrooms. This home was built in 2023.
Exceptional opportunity to acquire a 16-unit portfolio comprised of four newer four-unit buildings, each situated on its own separate lot and PIN within Heritage Harbor in Ottawa, Illinois. Built in 2023, these properties offer modern construction with durable, low-maintenance materials designed for efficient ownership and long-term performance. All units are fully furnished and turnkey, with each unit individually metered for utilities-supporting clean operations and flexible rental management. The buildings are well-positioned to serve a range of rental uses, including short-term vacation stays, weekend getaways, group accommodations, corporate housing, and longer-term tenancy. Thoughtful design elements such as inviting front porches and convenient rear parking enhance the overall guest and resident experience, while two of the buildings capture attractive water and sunset views. Located within Heritage Harbor, a growing marina resort community along the Illinois River, the portfolio benefits from a setting designed around lifestyle and recreation. Owners and guests enjoy access to amenities including a pool, fire pits, activity cabins, open green space, marina access, boat rentals, and on-site dining and entertainment. Ongoing investment and expansion within the resort continue to increase visibility, traffic, and overall appeal. On-site management through Harbor Inn supports consistent operations, while The Vue, a new 250-person event venue opening Fall 2026, reflects continued investment in the growth and evolution of the community. Beyond the resort itself, the property is positioned within the Starved Rock region-one of Illinois' most visited outdoor destinations. Located approximately 90 minutes from Chicago, the area draws consistent tourism with four state parks within a 15-minute drive, including Starved Rock State Park, known as the most visited state park in Illinois. The combination of natural beauty, recreation, and proximity to a major metro area supports year-round appeal. With scale, modern construction, and a location embedded within both a destination resort and a high-traffic tourism corridor, this portfolio presents a compelling opportunity for investors seeking stable income today with the ability to further refine and evolve the asset over time.
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FeaturesGeneralCooling Central Individual
Utilities Fiber
Possession Closing
Association Fee Includes Parking Pool Lawn Care Other
Year Built 2023
Stories Count 2
Township Rutland
Tax Year 2024
Current Use Multi-Family
Gross Income 315783
Additional Parcels Description 1544404039 1544404040 1544404076
County LaSalle
Net Operating Income 185751
Operating Expense 130032
Insurance Expense 33888
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Condominium Multi-Family
Status New
Directions From I-80 take Route 71 south. Turn south on N 2871st Rd / Old Chicago Rd. Turn east on N 2753rd Rd / Canal Rd. Turn south on Harbor View Dr. Turn east on Great Loop Drive.
City Ottawa
Number Of Units Total 16
MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Tax Annual Amount 60832.4
Electric Expense 21120
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 9600
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 3.99
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InteriorBasement Finished Unfinished
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ExteriorWater Source Municipal Water
Foundation Details Concrete Perimeter
Lot Dimensions 56x45x56x45
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* Excluded FeaturesList ByHeritage Select RealtyBroker
jacobv@heritageharborottawa.com;jacob@vallerealtorsolutions.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $28,631
- Monthly Property Taxes
- $5,069
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Ottawa, IL
Average List Price $714,150
Percent of Sale Price 85%
About Ottawa, IL 18,703 Population
-3% Since 2002
$ 49,342 Median Income
40.85 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/28/2026 | $4,650,000 | | Listed Price |