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214 Great Loop Dr , Ottawa, IL 61350
$1,075,000
Est. Payment: $5,866.72/mo
4 Bed
4 Bath
Status: active | Days on site: 7
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29106 - 269648,250916
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Jacob Valle , 815-403-7185 and Pierre Alexander , (815) 488-4533 Heritage Select Realty , 815-433-5000. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Year Built

2023

County

LaSalle

Area

Danway / Dayton / Naplate / Ottawa / Prairie Center

 Neighborhood

Heritage Harbor

 School District

230

Listing ID

12741963

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
Basement:Unfinished,Full
Water:Public

Exterior Features

Lot:Corner Lot,Views,River Front,Waterfront
Lot Dimensions:56x45x56x45
Garage Capacity:4
Roof:Asphalt
Sewer:Public Sewer
Parking Features:Assigned,Yes
Principal Interest
$5,867
Taxes
$1,230

Home Price

$1,075,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$215,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,866.72

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,866.72 $1,229.97 $0.00 $7,096.69
Yearly $70,400.59 $14,759.66 $0.00 $85,160.25
Total $2,112,017.76 $442,789.80 $0.00 $2,554,807.56
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Market insight data is pulled from the same city as the listing being viewed (Ottawa, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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