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 Details
Price:
$1,075,000
MLS #:
MRD12741963
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subdivision:
Heritage Harbor
Neighborhood:
danwaydaytonnaplateottawaprairiecenter
Listed Date:
Aug 26, 2026
Year Built:
2023
Schools
School District:
140
Elementary School:
Rutland Elementary School
Middle School:
Rutland Elementary School
High School:
Ottawa Township High School
Interior
Heating
Electric
Exterior
Community Features
Park, Pool, Dock, Curbs, Sidewalks, Street Lights, Street Paved, Other
Construction Materials
Other
Lot Features
Corner Lot, Other, Views
Parking Features
Assigned, Yes, Other
Parking Spots
4
Parking Total
4
Patio And Porch Features
Deck
Roof
Asphalt
Waterfront Features
River Front
Financial
Tax Year
2025
Taxes
$14,760
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214 Great Loop Drive
Ottawa, IL


