Pros:
Location is FANTASTIC: very close to Lake Harriet, which is a beautiful walk-around. Inexpensive Lyft to downtown and other attractions. It's a beautiful, safe neighborhood, and if you're willing to walk a bit there are food stores within a walkable distance if you don't have a car. There's a fantastic pastry shop right around the corner, and a gastro-pub (George and the Dragon) a close walk as well.
Host is very responsive and friendly - David gave us some honey when I forgot to buy it for breakfast.
Cons:
Cooking: If you're someone who wants an AirBnB because you like to cook, be aware that this is a kitchenette, not a full kitchen. You *can* take care of meals with a hot plate, a skillet, a pasta pot and a toaster oven. Just scope your expectations on meal prep.
Basement: Again, there's nothing at all wrong with a basement studio apartment - it's very cozy. But it has the typical low lighting and ceilings of a basement apartment, so maybe not an indoor environment where you want to spend oceans of time. But (see above for location) there's a great pastry shop around the corner where you can go for coffee and pop open a laptop.
All in all, it's one of the nicest places in town to stay, a pretty, safe neighborhood with a lot of walkable attractions. If you're out for most of the day it's perfect. If you're looking for a brightly lit interior with a full kitchen, it's a trade-off. IMO, the Lake Harriet location makes this place better than a downtown condo with floor-to-ceiling windows in an urban environment where you have to be vigilant.