Welcome to 2518 N Mitchell St--a charming 1929 Spanish Territorial Adobe rich in historic character and full of opportunity. Located in the highly sought-after Coronado Historic District, this property offers a rare chance to restore, reimagine, or expand in one of central Phoenix's most beloved neighborhoods. Offered as-is, this property presents an excellent opportunity for a buyer with vision to restore and enhance a classic historic home. The home will benefit from restoration and updates, making it ideal for those looking to personalize while preserving its original character. The 850 sq ft main residence features 2 bedrooms and 1 bathroom with a classic floor plan including a living room, dining room, and kitchen. Original details shine throughout, including hardwood floors, a built-in china hutch, and charming room-divider bookshelves that reflect the home's authentic architectural roots. A utility room with washer and dryer is conveniently located off the covered patio. Situated on a generous 6,756 sq ft lot, the property offers ample space for expansion, with excellent potential for an ADU or guesthouse, and includes a 200 sq ft patio gazebo with an outdoor wood-burning fireplace--an inviting setting for outdoor living and entertaining. Recent updates to Arizona's middle housing legislation further enhance flexibility for future development, multi-generational living, or rental income opportunities. The home may qualify for City of Phoenix historic exterior grant programs and potential property tax incentives, adding long-term value for the right buyer. Enjoy close proximity to Downtown Phoenix, Roosevelt Row, Midtown, and the Melrose District, with easy access to dining, coffee shops, parks, museums, and major freeways. Coronado's tree-lined streets, vibrant community, and historic charm continue to drive strong demand and appreciation. A rare opportunity to own and transform a piece of Phoenix history in one of the city's most desirable historic neighborhoods.