Wonderful Historic Register Craftsman bungalow in the center of coveted Ladd's Addition with a rare gem in the oversized backyard - a darling 1947 cottage/ADU with a huge fireplace and over 600 sq. ft. of valuable rental, guest, or creative space. First time on the market in 25 years, the main home has two bedrooms on the ground floor and two private bedrooms upstairs with a bonus family room and versatile 5th bedroom with egress window in the basement. Additional features include a massive custom kitchen with Wolf range, brand new refrigerator and dishwasher, farm sink and prep sink as well as butcher block prep bar with second baking oven. Original hardwood floors with mahogany trim, vintage lighting, built ins, French pocket doors and picture moldings throughout. Brand-new roof, fresh paint and updated copper plumbing, electrical service, and HVAC ductwork. The sunny cottage/ADU boasts 10-foot-high tongue & groove natural pine ceilings, vintage lighting, new paint, polished concrete floors, a full suite of Bosch appliances including washer/dryer and a fireplace with Jotul gas stove. Don't overlook the magical post and beam 99 sq. ft. writing/artist studio complete with a skylight, full insulation, and Dutch door. Easy care yard with mature landscaping, local basalt retaining wall, paver stone dining area, cedar privacy fencing and two off street parking places on alley. This unique Ladd's Addition property offers a rare opportunity to own a piece of the past while enjoying contemporary living in an iconic neighborhood. Schedule your showing today and prepare to be captivated!