487 E 3rd Avenue A & B, Chico, California 95926, Chico, 95926 - 4 bed, 3 bath
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Chico, California 95926
Analysis of 487 E 3rd Avenue A & B, Chico, California 95926 is currently available with a list price of $649,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property has undergone a high-quality recent renovation within the last 5 years, featuring a modern country kitchen with butcher block counters and trendy tile. The interior boasts fresh paint and updated flooring throughout, while the nearly completed ADU indicates brand-new systems and structural integrity, making it move-in ready with no immediate maintenance required.
This duplex configuration featuring a main bungalow and a detached ADU provides excellent versatility for rental income, house hacking, or multi-generational living.
The ADU includes an upstairs storage area that is prepped for an easy conversion into a third studio unit, offering a significant opportunity to increase the property's total yield.
Located in the highly sought-after 'Avenues' neighborhood, this 1915 bungalow combines historic character, such as the wide front porch, with modern updates like fresh paint and butcher block counters.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The ADU is currently pending final inspection and finishing touches, which may require additional time and capital before it can be legally occupied or rented.
Given the property's 1915 construction date, buyers should anticipate the higher maintenance needs and potential system upgrades associated with century-old homes.
Classic Chico Bungalow in the Avenues. Wide front porch to enjoy cool mornings. Living room with plenty of windows and an area for formal dining. Country kitchen butcher block wood counters, breakfast area and pantry. Spacious Master suite, all fresh paint. Front house offers off street parking with double gate to the back yard for additional parking and a private back yard cross fenced from the ADU. The ADU has some finishing touches before the final inspection and certificate of occupancy. The upstairs is storage at this time but will be an easy conversion for an additional studio unit. The ADU has room for parking 2 cars and access is off the ally. If you are looking for additional income or generational living this is a great property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 67% |
| Baths | 3.0 | 0.0 | 83% |
| Square foot | 1,444 | 1,944 | 17% |
| Lot Size | 8,712 | 10,890.2 | 17% |
| Price | $649.0K | $584.5K | 50% |
| Price per sq ft | $449 | $219 | 83% |
| Built year | 1915 | 1939 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 117 | 17% |
May 12, 2026
$649,000
Initial Listing
Feb 24, 2023
$375,000
Public Record
Jul 29, 2005
$400,000
Public Record
Apr 10, 2003
$256,000
Public Record