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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$1,075,000

Est. payment - /mo

4 Beds

4 Baths

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Heritage Harbor

MLS Listing ID 12741963

Bedrooms 4

Year Built 2023

Annual Tax Amount $14,759

Tax Year 2025

Lot Dimensions 56x45x56x45

Property Sub-Type Two to Four Units

Property 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.

Location

State IL

County Lasalle

Area Danway / Dayton / Naplate / Ottawa / Prairie Center

Body of Water Canal Quarter

Rooms

Basement Unfinished, Full

Interior

Heating Electric

Fireplace N

Exterior

Community Features Park, Pool, Dock, Curbs, Sidewalks, Street Lights, Street Paved, Other

Waterfront Description River Front

Roof Type Asphalt

Building

Lot Description Corner Lot, Other, Views

Dwelling Type Two to Four Units

Building Description Other, No

Sewer Public Sewer

Water Public

Structure Type Other

New Construction false

Schools

Elementary Schools Rutland Elementary School

Middle Schools Rutland Elementary School

High Schools Ottawa Township High School

School District 230 , 230, 140

Others

Ownership Fee Simple w/ HO Assn.

Special Listing Condition None

Virtual Tour https://www.youtube.com/watch?v=Xm5I1sgK76g

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Listed by Jacob Valle of Heritage Select Realty

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Jorel Kilcullen

+1(815) 790-4276

Broker License ID: 478.026444

214 Great Loop DR Ottawa, IL 61350

Jorel Kilcullen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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