Special opportunity to create a Premier home in the Penn Alexander School Catchment. A corner residence with 2-CAR GARAGE, private outdoor space, substantial original character, excellent space, and awesome light. 5 bedrooms, a large family room, 2.5 baths, and a sun-room entry foyer. At the corner of 45th and Larchwood, the home has a front and side garden and a perfect rear patio . High ceilings, original hardwood floors, and original character throughout. Create an open and light-filled first floor plan. This home with 2-CAR GARAGE is waiting to be renovated into one the city's best homes in an A+ location in the Penn Alexander Catchment. Within blocks of Clark Park and its superb Farmers' Market, ReAnimator and Earth Cup Coffee, Local 44, Bottle Shop, Green Line Cafe, Taco Taco (formerly Honest Tom's), Tampopo, Don Barriga, Pop Shop, Milk and Honey, Renata's, Clarkville, Baltimore Avenue Restaurant Row, CVS, and much more. Walk to HUP, Penn, CHOP, Penn Vet, Drexel, University of the Sciences. 12 minutes to Rittenhouse Square by car and plenty of convenient SEPTA options. NOTES: The first floor of this home was the outstanding restaurant Marigold Kitchen, which blended in seamlessly on this tree-lined residential block--one of the best locations in the city. 501 currently has two utility services, one for the restaurant and one for the home. As well as a commercial freezer and substantial commercial restaurant equipment. AC just on first floor. Home needs renovation. This adjoining twin, 503 S 45th, is also for sale. For sale together and separately.