mixed blessing

noun
something that, although generally favorable or advantageous, has one or more unfavorable or disadvantageous features.

Origin:
1930–35

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
mixed blessing
 
n
an event, situation, etc, having both advantages and disadvantages

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Dictionary.com's 21st Century Lexicon
Main Entry:  mixed blessing
Part of Speech:  n
Definition:  a circumstance or thing that has both advantages and disadvantages
Dictionary.com's 21st Century Lexicon
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American Heritage
Idioms & Phrases

mixed blessing

Something that has both good and bad features, as in Being accepted by the college was a mixed blessing, since she couldn't afford the tuition. [First half of 1900s]

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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Example sentences
The quality of these electronic posts is certainly a mixed blessing.
When a poem becomes canonical, it's almost always a mixed blessing.
In terms of academics, football culture appears to be a mixed blessing for
  universities.
The last book in a good sci-fi series is, for me, a mixed blessing.
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