$4,650,000

200 Great Loop Dr Ottawa, IL 61350

Estimated payment $29,747/month

Total Views 1,159
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • River Front
  • Furnished
  • Central Heating and Cooling System
  • Rutland Elementary School Rated A-

About This Home

Exceptional opportunity to acquire a 16-unit portfolio comprised of four newer four-unit buildings, each situated on its own separate lot and PIN within Heritage Harbor in Ottawa, Illinois. Built in 2023, these properties offer modern construction with durable, low-maintenance materials designed for efficient ownership and long-term performance. All units are fully furnished and turnkey, with each unit individually metered for utilities-supporting clean operations and flexible rental management. The buildings are well-positioned to serve a range of rental uses, including short-term vacation stays, weekend getaways, group accommodations, corporate housing, and longer-term tenancy. Thoughtful design elements such as inviting front porches and convenient rear parking enhance the overall guest and resident experience, while two of the buildings capture attractive water and sunset views. Located within Heritage Harbor, a growing marina resort community along the Illinois River, the portfolio benefits from a setting designed around lifestyle and recreation. Owners and guests enjoy access to amenities including a pool, fire pits, activity cabins, open green space, marina access, boat rentals, and on-site dining and entertainment. Ongoing investment and expansion within the resort continue to increase visibility, traffic, and overall appeal. On-site management through Harbor Inn supports consistent operations, while The Vue, a new 250-person event venue opening Fall 2026, reflects continued investment in the growth and evolution of the community. Beyond the resort itself, the property is positioned within the Starved Rock region-one of Illinois' most visited outdoor destinations. Located approximately 90 minutes from Chicago, the area draws consistent tourism with four state parks within a 15-minute drive, including Starved Rock State Park, known as the most visited state park in Illinois. The combination of natural beauty, recreation, and proximity to a major metro area supports year-round appeal. With scale, modern construction, and a location embedded within both a destination resort and a high-traffic tourism corridor, this portfolio presents a compelling opportunity for investors seeking stable income today with the ability to further refine and evolve the asset over time.

Listing Agent

Jacob Valle

Heritage Select Realty License #475206026 Listed on: 04/28/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $60,832

Year Built

  • Built in 2023

Lot Details

  • Lot Dimensions are 56x45x56x45
  • River Front
  • Additional Parcels

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Mixed Use
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Furnished
  • Water Views
  • Finished Basement
  • Exterior Basement Entry

Utilities

  • Central Heating and Cooling System
  • Fiber Optics Available

Community Details

Overview

  • Association fees include parking, pool, lawn care
  • 16 Units

Building Details

  • Electric Expense $21,120
  • Insurance Expense $33,888
  • Other Expense $11,616
  • Water Sewer Expense $9,600
  • Operating Expense $130,032
  • Gross Income $315,783
  • Net Operating Income $185,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$60,832

Year Built

Built in 2023

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance,Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 2023
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 1-6 Years
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Unfinished
  • Possible Use: Condominium, Multi-Family
  • Misc Inside: Furnished Units Available
  • Fireplaces: 16
  • Dishwashers: 16
  • Refrigerators: 16
  • Ranges: 16
  • Number of Washers: 16
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Individual
  • Utilities: Fiber
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Pool, Lawn Care, Other
  • Water Sewer Expenses: 9600
  • Operating Expense Includes: Maintenance Grounds,Other,Pool/Spa,Trash

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 56x45x56x45

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases,Other,Variable

Building Info

  • Building Unit Info: All Units Furnished,Fire Alarm,Sprinkler System

Multi Family

  • Net Operating Income: 185751
  • Insurance Expense: 33888
  • ElectricExpense: 21120
  • GrossIncome: 315783
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 130032
  • Type Multi-Family: Corridor-Exterior Entrance,Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 60832.4
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2026 04/28/26 For Sale $4,650,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12628029

Midwest Real Estate Data (MRED)
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