2911 S 3rd St, Louisville, KY 40208

A True Unicorn! Opportunities like this almost never hit the market—especially one that delivers serious flexibility and major income potential. This updated Brick Home sits minutes away from UofL, Churchill Downs, the Airport, the Fairgrounds, Downtown, and comes with a coveted transferrable Conditional Use Permit (CUP) that allows for short-term rentals (up to 10 guests). Translation: Derby weekend, game days, conventions, and major event bookings are all fair game, giving this property a huge income advantage you simply won't find often. Use it as a duplex for multi-generational living or house hacking; or as a spacious 5-bedroom single-family home. Major updates are done, including an Updated Roof (2018), 2 newer Dual HVAC Systems, Replacement Windows, along with Renovated Kitchens and Baths. Inside, the charm hits right away with Original Hardwood Floors, Fresh Paint throughout, and classic Craftsman Trim that brings warmth and character throughout. The 1st floor features a beautiful kitchen with Modern Cabinetry, Granite Countertops, Stainless Steel Appliances, along with a Tiled Full Bath, Living Room, and a flexible layout that can function as 1-2 bedrooms with a Formal Dining Room. The 2nd and 3rd floors encompass 4 Spacious Bedrooms, a Tiled Full Bath, Updated Kitchenette, Laundry Room, and direct access to a Two-Story Deck with sweeping views of Jim Patterson Stadium and L&N Stadiuman absolute dream for hosting friends or maximizing STR income on game days. Outside, the perks keep coming with a 2 Car Garage and off-street parking via alley access, which is nearly impossible to find this close to campus. With immediate occupancy available, the home is move-in ready and positioned to start generating strong returns from day one. Between the prime location, the rare and valuable CUP approval for short-term rentals, and the extensive updates already completed, this property is a powerhouse investment in one of Louisville's most in-demand areas. Whether you're chasing rental income, want to live cheaply while renting out part of the home, or need a flexible setup near campus, this is the one rare find you do not want to miss!