This grand and classic Craftsman, located just a block away from the bustling Lakeshore Avenue in the highly desirable Grand Lake neighborhood, is teeming with options. Positioned on a central yet tranquil block, 729 Rand is perfect for an owner-occupier with vision and imagination, who seeks the opportunity to customize the property and maximize its potential. Furthermore, 729 Rand presents a remarkable investment opportunity for discerning buyers seeking significant income potential. The property currently features a combination of ingenuity and strategic planning, making it suitable for owner occupancy, remote work, rental income*, or multi-generational use. A beautiful property featuring abundant natural light, hardwood floors, and classic details and moldings, over 3,900 sq ft of livable space* (per measured floor plan), including a total of 6 bedrooms and 5 bathrooms*. The front of the property consists of 3 bedrooms and 2 bathrooms. The back of the property features 3 separate 1-bedroom, 1-bathroom units, each situated one above the other. A two-car detached garage provides ample off-street parking and additional storage. *Bed/bath count and livable square foot published differ from the public record and permit status is unknown - buyer to investigate with city.