Set on an oversized, park-like lot in Lower Chautauqua, this distinctive property offers exceptional flexibility and long-term potential. Mature trees and a private, tree-lined setting create a peaceful backdrop just moments from Chautauqua Park, Flagstaff Mountain, CU and Pearl Street. Current rental licensed, the residence features a four-bedroom, two-bath main home plus a separate studio apartment with a private entry creating options for rental income, multi-generational living or a future single-family configuration. Hardwood floors enhance the main level, while off-street parking accommodates up to four vehicles with alley access to build a garage. The approximately 7,521-square-foot lot presents the opportunity for a custom homesite, with the existing residence offering the option to rent now and develop later. Just two blocks from the Viewpoint Trailhead and close to Alpine Modern, trails and neighborhood amenities, this rare offering combines immediate versatility with endless opportunity.