Eddy Square Townhomes Near Notre Dame

by Timothy Vicsik

If you've watched the Notre Dame real estate market for any length of time, you've felt it shift. For 27 years I've sold homes and condos around this campus, and the questions buyers ask me today aren't the questions they asked a decade ago. Back then it was "How close can I get to the Dome?" Today it's "How close can I get to the Dome and can I rent it out the weekends I'm not using it?" Eddy Square is one of the few new communities that answers yes to both — and that's exactly why so much of the market is drifting in its direction.

Quick Answer

Eddy Square is a 30-townhome, new-construction community on North Eddy Street in South Bend, roughly a mile from the University of Notre Dame. Homes offer 3 to 5 bedrooms, open floor plans, and maintenance-free living starting in the upper $300,000s. The feature that sets it apart for Notre Dame buyers: short-term rentals are allowed — a rarity this close to campus — so owners can enjoy the home on football weekends and rent it the rest of the season.

What Is Eddy Square?

Eddy Square is a 30-unit townhome development on North Eddy Street, tucked between Notre Dame's campus and the energy of downtown South Bend. These are newer, maintenance-free townhomes with modern finishes — open layouts, upgraded kitchens, and stylish fixtures — built for people who want to use a home near campus rather than spend their Saturdays maintaining one. Floor plans run from 3-bedroom homes around 1,365 square feet up to 4- and 5-bedroom homes near 1,725 square feet, with pricing that generally starts in the upper $300,000s and climbs into the mid-$400,000s depending on size and finish.

You can see the homes that are active, coming soon, and recently sold on my Eddy Square listings and sales page — that's where I keep the current numbers, because in a community this active, pricing and availability move week to week.

Why the Notre Dame Market Is Moving Toward Eddy Square

Here's something I tell every out-of-town buyer: the Notre Dame-adjacent market doesn't behave like the rest of South Bend. The city as a whole runs on the local workforce. The half-mile-to-mile radius around campus runs on something completely different — seven home football games a year, an alumni base with deep pockets and deeper loyalty, and parents of 12,000-plus undergrads who suddenly need a place to land on move-in weekend, Parents Weekend, and graduation. That demand doesn't soften when mortgage rates tick up, because it isn't driven by rates. It's driven by identity.

So where is that demand pointing now? Three things are converging right at Eddy Square's doorstep:

Buyers want turnkey, not projects. The market has shifted decisively toward maintenance-free, move-in-ready homes near campus. Furnished, low-hassle properties command a premium, especially from buyers who live out of state and don't want a renovation 300 miles away.
There's only so much land near the Dome. You can always build more houses in a suburb. You can't make more land next to Notre Dame. New infill construction like Eddy Square fills in the gaps that the supply ceiling leaves behind — and those gaps are getting scarce.
The near-east side is waking up. Eddy Square sits beside Howard Park and the East Race along the St. Joseph River, with downtown's wave of investment pushing north. That momentum lifts property values in the neighborhoods riding alongside it.

If you want the full picture of how the campus market is behaving right now, I break the numbers down in South Bend Real Estate Market: What Notre Dame Buyers Need to Know in 2026.

Can You Short-Term Rent at Eddy Square?

Yes — short-term rentals are permitted at Eddy Square, and that is the single biggest reason it's on so many buyers' radar. Near Notre Dame, rental rules are not consistent from one community to the next. Some of the most desirable condo communities right across from campus carry rental restrictions that make them owner-occupant-only. Eddy Square goes the other direction, which puts a real rental strategy on the table.

Think about what that unlocks. Seven home football weekends bring 80,000-plus visitors into a metro of about 320,000 people. That concentrated, predictable demand spills straight into game-day lodging. An owner can block the calendar for the weekends they want, list the rest, and let the property help carry itself. I walk through how that demand actually works on my Notre Dame Game Day Rentals page, and the broader rental landscape — student, off-campus, and seasonal — on my Notre Dame Off-Campus Housing and Notre Dame Student Rentals pages.

A word of straight talk, because I'd rather you hear it from me now than learn it later: "rentals allowed" is the green light, but it isn't the whole story. If you'll own from out of state, you'll want a local property manager for turnovers, the right short-term-rental insurance endorsement, and an understanding of South Bend's local rental requirements. I lay all of that out — insurance, management costs, the responsible-agent rule, Indiana's property-tax treatment of second homes — in The Out-of-State Buyer's Guide to Purchasing Near Notre Dame. Read it before you buy with rental intent and you'll walk in with your eyes open.

Where Is Eddy Square — and Why Location Matters

Eddy Square sits on North Eddy Street in the 46617 zip code, the part of South Bend that does the heavy lifting for campus-area lifestyle. From here you're minutes from Notre Dame, a short hop to Howard Park and the East Race District along the river, and close to downtown dining, entertainment, and a Trader Joe's that more than one of my buyers has named as a deciding factor. Major commuter routes are right there too, which matters if you're splitting time between South Bend and Chicago.

For a rental, location is the whole ballgame. A game-day guest wants to be near campus and near things to do — Eddy Square checks both boxes. For an owner, it means the home works in the off-season too, not just seven Saturdays a year.

Floor Plans and Pricing at Eddy Square

Eddy Square offers a handful of footprints across its 30 homes. Here's the general lay of the land — for live pricing and availability, always check my Eddy Square listings page, since these sell and re-price as the community fills in.

Layout	Approx. Size	Best Fit
3 Bed / 2.5 Bath	~1,365 sq ft	First-time buyers, young professionals, lock-and-leave second home
4 Bed / 2.5 Bath	~1,365–1,725 sq ft	Parents of students, families, mid-size game-day rental
5 Bed / 3.5 Bath	~1,725 sq ft	Large families, max-occupancy short-term rental, group game-day hosting

Pricing generally opens in the upper $300,000s for the smaller 3-bedroom homes and runs into the mid-$400,000s for the larger 5-bedroom layouts. Curious how the all-in monthly cost compares to a single-family house near campus? I ran those numbers in Buying Near Notre Dame in 2026: Condo vs. House Cost Breakdown.

Who Eddy Square Is Right For

The Upside	Worth Weighing
Short-term rentals allowed — rare near campus	Out-of-state owners will want a local property manager for turnovers
Newer, maintenance-free construction — no Saturday repair list	A townhome is attached living, not a detached house with its own lot
Walkable to Howard Park, East Race, downtown dining	A non-primary residence falls under Indiana's higher 2% property-tax cap
New construction in a tight, land-limited campus market	Popular homes go fast — getting on the notification list early matters

Financing a Second Home or Rental at Eddy Square

If you're not paying cash, financing a second home or an investment property works differently than financing the house you live in — down payment expectations, rate, and how a lender treats projected rental income all shift. The good news is the people who do this well are local and they're fast. I keep my trusted lenders on my Mortgage Lenders page — start there, get a real pre-approval, and you'll shop with the confidence to move when the right Eddy Square home comes up. (Plenty of Notre Dame buyers do pay cash, by the way, which makes for a clean, fast close — but even then it's worth knowing your options.)

Frequently Asked Questions About Eddy Square

Are short-term rentals allowed at Eddy Square?

Yes. Eddy Square permits short-term rentals, which is uncommon for a community this close to Notre Dame. Many campus-adjacent condo communities restrict rentals, so the ability to rent — especially on football weekends — is one of Eddy Square's standout advantages. Always confirm current community and local rules before purchasing with rental intent.

How far is Eddy Square from the University of Notre Dame?

Eddy Square is on North Eddy Street in South Bend's 46617 zip code, roughly a mile from campus and minutes by car. You're also close to Howard Park, the East Race District, downtown South Bend, and Trader Joe's.

How much do Eddy Square townhomes cost?

Pricing generally starts in the upper $300,000s for 3-bedroom homes and runs into the mid-$400,000s for larger 4- and 5-bedroom layouts. Because the community is actively selling, check the current numbers on my Eddy Square listings page rather than relying on a static figure.

How many homes are in Eddy Square, and what sizes are available?

Eddy Square is a 30-townhome community offering 3-, 4-, and 5-bedroom floor plans, generally ranging from about 1,365 to 1,725 square feet, with open layouts and upgraded kitchens.

Is Eddy Square a good investment for Notre Dame game-day rentals?

It can be a strong fit. Seven home football games each draw 80,000-plus visitors, and Eddy Square's rental-friendly rules plus its walkable location make it well-suited to game-day rental demand. Factor in property management, short-term-rental insurance, and Indiana's second-home tax treatment when you run your numbers — happy to help you model it.

Do I have to live in the home, or can I rent it out year-round?

Because short-term rentals are allowed, owners have flexibility: use the home for the weekends and weeks you want, and rent it the rest of the time. Many of my buyers block their favorite football weekends and treat the rest of the calendar as rental income.

Let's Figure Out If Eddy Square Is Actually Right for You

I'm not going to tell you Eddy Square is the answer until I understand what you're trying to do. Are you buying a place to use a few weekends a year? Looking for something that pays for itself through football season? Trying to get a student situated and build a little equity while they're here? Those are three different homes, and the right move depends on which one you're after.

I don't do hard closes — that's not how I've worked for 27 years. What I do is give you the straight version of the market and let the right decision make itself. So here's the only real question: where should we go from here? If it's worth a conversation, reach out and we'll map it to your goals. If the timing's not right, that's a fine answer too.

Tim Vicsik, REALTOR® — Trueblood Real Estate
Call or text: 574-329-9587
Email: Tim@TimVicsik.com
See current homes: Eddy Square Listings & Sales