Introducing a rare and lucrative investment opportunity—a well maintained three-story apartment complex offering a total of 7 rental units plus an expansive 5-bedroom, 2-bath owner’s suite perched on the third floor with stunning views of Lake Maxinkuckee. Situated just moments from the public beach and dining, this income-generating property combines prime location, steady rental income, and a luxurious private residence, making it ideal for owner-occupants, seasoned investors, or those seeking a blend of lifestyle and return on investment. Owners Airbnb their unit while not being used for an additional stream of income.
Closed
$560,000
617 Pearl St, Culver, IN 46511
15beds
6,945sqft
Multi Family
Built in 1920
-- sqft lot
$559,900 Zestimate®
$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 08:37am
Listed by:
Shawn Reed shawn@shawnreed.net,
COLLINS and CO. REALTORS - CULVER
Bought with:
Missy Damron, RB21002801
M&M Rental Property Mgmt & Realty
Source: IRMLS,MLS#: 202512446

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Natural Gas, Forced Air
Cooling
- None
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
- Basement: Partial
Interior area
- Total structure area: 6,945
- Total interior livable area: 6,945 sqft
- Finished area above ground: 6,945
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Gravel, Off Street
Features
- Levels: Three Story
- Stories: 3
- Patio & porch: Deck Covered, Deck
Lot
- Size: 6,969 sqft
- Dimensions: 60x120
- Features: Level
Details
- Additional structures: None
- Parcel number: 502116302463.000014
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Culver
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 67560
Other
Other facts
- Listing terms: Cash,Conventional