Located just minutes from the heart of downtown Colorado Springs, this 3-bedroom, 2-bath home offers a flexible layout with the potential to function as two separate living spaces. Previously used as an income property, the upper level includes a second kitchen and private access, making it well-suited for an owner-occupant looking to offset monthly expenses or for multi-generational living. The home retains its original character with hardwood flooring, built-ins, and classic historic details, while key interior spaces have been refreshed. The main kitchen features updated cabinetry, fresh paint, and stainless steel appliances, and both bathrooms have been enhanced. Major system improvements have already been completed, including new air conditioning, furnace, and water heater, updated electrical panel, new PEX supply lines throughout, and a replaced sewer line to the city main. These updates address many of the primary concerns typically associated with homes of this age. Additional features include dedicated off-street parking, enclosed front sunroom, and a backyard with concrete patio, and fire-pit area. Conveniently located within walking distance to the revitalized south end of downtown and the downtown core, this property offers a combination of location, functionality, and long-term flexibility!