214 Great Loop Drive
Ottawa, IL, 61350 $ 1,075,000
Bedrooms4 Baths4.0 Sq 2,320 Monthly Estimate*
$ 6,788
for $1,075,000 with 4 bedrooms and 4 full baths. This 2,320 square foot home was built in 2023.
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.
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FeaturesExteriorModel Canal Quarter
Parking Features Assigned Yes Other
Lot Features Corner Lot Other Views
Water Source Public
Total Parking 4
Foundation Details Concrete Perimeter
Lot Dimensions 56x45x56x45
Waterfront Y/N Y
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GeneralSewer Public Sewer
Heating Electric
Possession Closing
Roof Asphalt
Construction Materials Other
Year Built 2023
Township Rutland
Tax Year 2025
Ownership Fee Simple w/ HO Assn.
Gross Income 92748
Community Features Park Pool Dock Curbs Sidewalks Street Lights Street Paved Other
County LaSalle
Insurance Expense 3384
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Heritage Harbor
Total Rooms 4
Status New
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.
High School Ottawa Township High School
City Ottawa
High School District 140
MLS Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Elementary School Rutland Elementary School
Tax Annual Amount 14759.66
Electric Expense 5280
Middle/Junior High School Rutland Elementary School
Water Sewer Expense 2400
Standard Status Active
Middle/Junior School District 230
Elementary School District 230
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InteriorBasement Unfinished Full
Total Bedrooms 4
Total Baths 4
Bedrooms Possible 4
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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* Excluded FeaturesList ByHeritage Select RealtyBroker
jacobv@heritageharborottawa.com;jacob@vallerealtorsolutions.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,788
- Monthly Property Taxes
- $1,230
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $850,927
Percent of Sale Price 21%
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.
1540168 Elementary School
1540168 Middle School
Ottawa Township High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/27/2026 | $1,075,000 | | Listed Price |