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.
Active
$1,075,000
214 Great Loop Dr, Ottawa, IL 61350
4beds
--sqft
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
- 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#: 12741963
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
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $1,075,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: 61350
Nearby schools
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.



