124 128-132 N Eddy St, South Bend, IN 46617

$2,500,000
35
BD
22
BA
17,565
SqFt

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Listing courtesy of Tyler Glenn from Tiffany Group Real Estate Advisors LLC.

List Price
$2,500,000
Status
CLOSED
MLS#
202604784
Closing Date
Jun 02, 2026
Bedrooms
35
Total # Full Baths
22
Year Built
1950

Property Description

Positioned prominently atop Eddy Street hilltop, 124 N Eddy St offers a rare opportunity to acquire a fully renovated, stabilized multifamily asset overlooking both downtown South Bend and the University of Notre Dame. This 22-unit apartment building combines strong in-place cash flow with significant capital improvements, delivering a truly turnkey investment in one of the city’s most desirable rental corridors. The unit mix consists of 14 two-bedroom / one-bath units and 8 one-bedroom / one-bath units, providing an attractive balance that appeals to students, young professionals, and workforce tenants alike. The property’s elevated setting offers sweeping views and a highly visible presence, just minutes from Notre Dame, Memorial Hospital, downtown amenities, and the vibrant Eddy Street Commons district. Between 2020 and 2023, the property underwent a comprehensive renovation, including: New roof (2020) 14 New HVAC systems (2022-2024) New electrical panels (2020) All new windows (2020) Fully updated interiors These extensive capital improvements significantly reduce near-term maintenance risk and position the asset for long-term operational stability. Additional features include on-site laundry facilities and two dedicated parking lots, enhancing tenant convenience and supporting strong occupancy. With its prime location, commanding views, and recent top-to-bottom upgrades, 124 N Eddy St represents a compelling opportunity for investors seeking a high-quality, income-producing asset in the South Bend market.

Additional Information

County
St. Joseph
Township
Portage
School District
South Bend Community School Corp.
Basement/Foundation
Slab
Acres
0.67
Water
City
Sewer
Public Sewer
Heating
Electric, Forced Air
Cooling
Central Air
Taxes
$6,824
High School
Adams
Middle School
Edison
Elementary School
Perley
Property SubType
Residential Income

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.


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