1201 Saint Philip St #5, New Orleans, LA 70116

This property is eligible for BOTH FEDERAL & STATE HISTORIC TAX CREDITS. which could recoup up to 45% of qualified rehabilitation costs. A RARE AND EXTRAORDINARY HISTORIC COMPOUND OFFERING IN THE HEART OF TREME! This remarkable and truly irreplaceable opportunity includes TWO SEPARATE BUILDINGS ~ ON TWO SEPARATE LOTS OF RECORD, all being offered together for the singular price of just $499,000. Prominently positioned at the highly visible corner of St. Philip Street and Henriette Delille Street, this exceptional offering consists of the historic Creole Cottage at 1201 St. Philip Street AND the neighboring 2 Story Mansion with an attached dependency unit at 1205 St. Philip Street. Together, these architecturally significant buildings represent more than 160+ years of New Orleans history, character, craftsmanship, and Authentic NOLA Charm. The iconic Creole Cottage at 1201 St. Philip Street features two separate residential units, including (1) 2 bedroom, 2 bath unit and (1) 2 bedroom, 1 bath unit. The neighboring building at 1205 St. Philip Street offers three additional residential units, including (2) separate 2 bedroom, 1 bath units and (1) 1 bedroom, 1 bath unit. Combined, these two historic structures encompass approximately 4,384 square feet of living area, creating an extraordinary value at approximately $111 per square foot. Opportunities offering this combination of scale, location, architectural significance, and future potential are exceptionally rare and increasingly difficult to find in today's marketplace. Located directly across from Louis Armstrong Park and world famous Congo Square, and only two blocks lakeside of N. Rampart Street from the Historic French Quarter, this premier location places you at the epicenter of New Orleans culture, music, dining, entertainment, festivals, and history. The surrounding neighborhood continues to attract preservationists, developers, investors, artists, and homeowners seeking authentic historic properties within one of the city's most celebrated and culturally significant districts. THIS IS A RESTORATION AND RENOVATION OPPORTUNITY. The property is part of a succession, and the seller will NOT make any repairs. This is your opportunity to bring vision, creativity, and passion to a project capable of becoming something truly extraordinary. Whether your goal is to create a spectacular Historic Family Estate, a Multi Generational Compound, a Boutique Hospitality Concept, an Income Producing Investment Property, or a One Of A Kind Historic Showcase Property, the possibilities here are truly limitless. Opportunities of this magnitude, in this location, at this price point, simply do not come along often. NOTHING LIKE THIS ON THE MARKET!!! THIS IS A ONCE IN A LIFETIME OPPORTUNITY. DO NOT MISS THIS ONE!!!!