Contact us: 563.441.1776
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 Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 4
County: LaSalle
High School: Ottawa Township High School
Subdivision: Heritage Harbor
Listed By:
Heritage Select Realty
815-433-5000
MRED MLS
MLS ID: 12741963
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214 Great Loop Drive, Ottawa, IL 61350.
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| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,075,000 | $1,075,000 | $1,075,000 |
| Down Payment | $37,625 | $268,750 | $0 |
| Monthly Mortgage Amount | $6,585 | $6,749 | $6,941 |
| Taxes | $1496 | $1496 | $1496 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $645 | $0 | $0 |
| Monthly Estimated Total | $9,040 | $8,559 | $8,751 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 09/07/2026. The listing information on this page last changed on 09/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 09/07/2026 12:00:50 AM EST) or MRED MLS (last updated Sun 09/06/2026 11:57:51 PM EST) or SCWMLS (last updated Sun 09/06/2026 11:54:55 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 09/06/2026 10:15:57 PM EST) or Cedar Rapids MLS (last updated Sun 09/06/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Sun 09/06/2026 11:58:40 PM EST) or ICAAR MLS (last updated Sun 09/06/2026 8:32:55 AM EST) or ECIMLS (last updated Sun 09/06/2026 11:44:33 PM EST) or RMLSA (last updated Sun 09/06/2026 11:50:55 PM EST) or Muscatine MLS (last updated Sun 09/06/2026 11:45:09 PM EST) or No Coast MLS (last updated Sun 09/06/2026 11:54:19 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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