Exceptional opportunity for renovation or expansion in PRIME Lakeview location; just one and a half blocks from the best of Harrison Avenue shopping & dining, and only a short distance to numerous Schools, Library, Churches, and City Park amenities! This 1930's-1940's-era split-level home with original architectural details offers an array of layout options within the existing footprint; currently configured as a large 3 bed, 2.5 bath owner's unit with additional flex space, PLUS an additional mother-in-law/guest suite with it's own full bath, and private entrance. The extra flex space is large enough to easily serve as an additional (5th) bedroom and/or separate office space; or expand the mother-in-law/guest suite. If even more space is what you're looking for, the generous 50 x 122 lot provides space for adding onto the rear of the structure; but if a backyard oasis is more appealing, there is plenty of room for a great pool and gardens. Convert the existing detached garage & carport into a cabana, or leave as is for extra storage and secure parking off the rear service alley. Notable improvements include: new roof and gutters in 2016, foundation stabilization in 2022. Ready for the next owner to bring this home to its full potential! All zoning and use restrictions to be independently verified by purchaser.