BEDS4
BATHS4 full
MLS#12741963
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHeritage Harbor
SCHOOLDistrict 140
Property 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 Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Heating: Electric
Lot Size: 56x45x56x45
Roof Type: Asphalt
Taxes: $14,759
Year Built: 2023
Feature Descriptions
Lot: Corner Lot, Other, Views
Lot Dimensions: 56x45x56x45
Parcel#: 1544404040
Parking: Assigned, Yes, Other
Sewer: Public Sewer
Total Rooms: 4
Township: Rutland
Water: Public
Local Schools
High School: Ottawa Township High School
Middle School: Rutland Elementary School
Elementary School: Rutland Elementary School
School District: District 140
Listed By / Shown By
Listed By
Agency Name: Heritage Select Realty
Agency Phone: 815-433-5000
Shown By
Agent Name: Carol 'Korky' Williams
Agent Phone: (815) 494-7812
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 6,426.44 per month $4,882.99 Principal & Interest $1,229.92 Property Tax $313.54 Homeowner's InsuranceChange Payment Information
Carol 'Korky' Williams
Cell: (815) 494-7812
Fax: (815) 231-8676
Office Number: (815) 282-2222
Email Me
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214 Great Loop Drive | MLS# 12741963
This multi-family property located at 214 Great Loop Drive , Ottawa, IL 61350 is currently listed for sale with an asking price of $1,075,000. Great Loop Drive is located within the District 140 school district. Search Ottawa real estate on cwilliams.gogambino.com today.