This property offers a tremendous range of opportunities for the incoming buyer. Originally built in 1895 as a single-family home, it was converted to its current multi-family state in 1945. The location is outstanding and offers some of the best westerly views over Lake Bde Maka Ska. Bde Maka Saka is central to Minneapolis’ famed lakes area and boasts miles of interconnected trails and nearby local shops and restaurants. The lake offers mooring options for sail boats, local beaches, cannel connections to Isles and Cedar, and has the restaurant, Pimento on the Lake, which is just 2 short blocks from the site. The structure has been well maintained over the years and features two 2-bedroom units and one 1-bedroom unit. Each level has sweeping views of the lake. Given its single-family roots, this property provides a path to single-family conversion following some of its innate layout design. Also, with its generous above ground square footage, a condo conversion might be the direction to take with this property. Given all these options, its true potential lies as a teardown opportunity (historic review completed). Its large 12,000+ sf site affords 6,000+ of above ground buildable square footage (FAR) and is a perfect setup for a boutique 2- or 3-unit condo project or for a luxury single family new build. Zoning is 2040 Interior 2. The extra deep site offers numerous layout and greenspace options. The detached 3-car garage offers an exceptional material staging area during the project or can be refreshed and maintained in its current state for a cost savings measure, and given its current structure as a triplex, opportunity for excellent supplemental income during the planning process…or as a holding place for a future project. Please do not walk the site without an appointment, the building is occupied.