Grand Victorian in heart of Historic Water Tower Neighborhood between Downer and Lake Drive. Licensed as a rooming house since 1943, 11 units generate significant cash flow. Most original details intact and the property has undergone significant interior and exterior repairs and upgrades focusing on operating and maintenance efficiency. Over $350k of upgrades/repairs including all roofs, siding, soffits, railings, gutters/downspouts, high efficiency boiler system, partial windows, laundry room, bathrooms, kitchens, nearly all units, and all common areas. Units include 7 one-room, 3 two-room, and a 1 BD manager’s apartment offering options for area residents, students, and working adults in this ideal location East of Downer Ave.