Outstanding Investment Opportunity in a Prime Location! Newer roof (2022); investment property since 2001. Charming, standalone singe-family home (1736 sq ft) with 3 bed / 2 baths, complete with spacious living areas & a white picket fence to add to the curb appeal. Above the 2-car garage, you will find a fabulous 1 bed / 1 bath apartment (927 sq ft) w/ stylish architectural design and finishes - perfect for rental income, guest accommodations or extended family. Two distinct addresses (1039 Marengo and 4026 Chestnut) with private entrances and shared courtyard. Top notch location, corner of Marengo and Chestnut, offers incredible walkability to a variety of Magazine St shops, restaurants, and cafes. Property is also within strolling distance to St. Charles Ave and Prytania Street, placing you in the heart of vibrant neighborhood amenities - including Mardi Gras! Whether you’re an investor seeking a lucrative rental or a homeowner looking for a unique multi-use space, this property offers tons of potential. Don’t miss out on this wonderful opportunity - schedule a visit today and envision the possibilities!