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  • $1,075,000

    214 Great Loop Dr, Ottawa, IL 61350

    4beds
    --sqft
    : 
    $7,664/mo
    Get pre-qualified
    Multi Family
    Built in 2023
    -- sqft lot
    $1,013,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern finishesFive outdoor poolsFurnished turnkey unitsOpen-concept floor plansQuartz countertopsEnergy-efficient mechanical systemsLuxury vinyl plank flooring
    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.
    28 days
    161
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Jacob Valle 815-403-7185,

    Heritage Select Realty,

    Pierre Alexander 815-488-4533,

    Heritage Select Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12741963MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Electric
      Features
      • Basement: Unfinished,Full
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Assigned, Yes, Other
      Features
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Back of Property, Side(s) of Property
      • Has water view: Yes
      • Water view: Back of Property,Side(s) of Property
      • Waterfront features: River Front
      • Body of water: HERITAGE HARBOR
      Lot
      • Size: 2,520 Square Feet
      • Dimensions: 56x45x56x45
      • Features: Corner Lot, Other, Views
      Details
      • Parcel number: 1544404040
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Other
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2023
      Details
      • Builder model: Canal Quarter

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Park, Pool, Dock, Curbs, Sidewalks, Street Lights, Street Paved, Other
      • Subdivision: Heritage Harbor
      Location
      • Region: Ottawa

      Financial & listing details

      • Tax assessed value: $161,687
      • Annual tax amount: $14,759
      • Date on market: 8/27/2026
      • Ownership: Fee Simple w/ HO Assn.

        Estimated market value

        $1,013,800

        $963,000 - $1.06M

        $1,813/mo

        Price history

        DateEventPrice
        8/27/2026Listed for sale$1,075,000
        Source: MRED as distributed by MLS GRID #12741963 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,208 $161,687
        2024$15,208 +889.9%$161,687 +911.1%
        2023$1,536 -1.5%$15,991
        2022$1,559 +1349.7%$15,991 +1367.1%
        2021$108 $1,090
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 61350

        Getting around

        6 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Rutland Elementary School
        • Middle: Rutland Elementary School
        • High: Ottawa Township High School
        • District: 230

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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