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You can sell it, but you likely won't get much for it since father is the only one who has the right to use and occupy the property until his death. Depending on his age, he could live another year or 20, so most buyers wouldn't want a property that they have no idea when they would be able to take possession.
If you get it when he passes, then you are the "remainderman" and your interest will only fully vest once he passes or if he deeds his life estate over to you..
So yes, it is legal, but it might not be feasible.