119 N Eddy Street
Development Opportunity
Marketing description
investor alert - freshly updated and move in ready! This 3-bedroom home, located just minutes from notre dame university, around the corner from howard park, and close to the zoo, offers an unbeatable investment opportunity. Featuring a brand-new roof and ring cameras already installed, this property operated as a long-term rental over the past few years, the property provides excellent flexibility and income potential. Location makes it perfect for entertaining, with easy access to all shopping and restaurants along the 23 corridar. Furnishings can be included with right offler. Don't miss this versatile investment property!
Strategically positioned just minutes from the university of notre dame, this property sits within south bend’s neighborhood center (nc) zoning district, one of the city’s most flexible and forward-looking designations. The nc district is specifically intended to encourage higher-intensity, mixed-use neighborhood development with active ground-floor uses and residential density above.
This is a rare opportunity to acquire a flexibly zoned nc parcel in a proven, high-demand location. Whether held as a rental, repositioned, or redeveloped into a higher-density mixed-use project, the site aligns squarely with south bend’s long-term planning vision.
Ideal for developers, investors, or owner-users seeking zoning flexibility and future upside near notre dame.
Investment highlights
Neighborhood center (NC) / neighborhood flex zoning
Supports mixed-use development, including:
Retail, office, and service uses at street level
Townhouses, stacked flats, or apartment-style residential above
Designed for walkable, pedestrian-oriented urban nodes
Ideal for vertical redevelopment, assemblage, or repositioning
Located along a corridor targeted for urban infill and reinvestment
Currently improved with a 2-story single-family residence
Historically operated as a long-term rental
Updated roof and mechanicals provide near-term usability
Offers immediate cash flow while entitlements, planning, or assemblage strategies are pursued
Walking distance to notre dame, retail, dining, and major corridors
Surrounded by mixed-use, multifamily, and neighborhood-scale commercial uses
Strong rental and redevelopment demand driven by university, medical, and urban growth
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