
Chico, California 95928
This Versatile Residential Income Asset is a Strong Value Opportunity, listed at $769,000—positioned below the $776,723 Fair Market Value by 1%. This valuation provides $7,723 in Instant Equity. The 1921 Craftsman is in Move-in Ready Condition, featuring a 3-bedroom main house and a 2-bedroom lower unit with upgrades like refreshed kitchens and ductless HVAC. Located near Downtown Chico and Bidwell Park within the Chico Unified School District, it offers high rental demand and lifestyle appeal. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 587 E 3rd Subject | $724,000* List Price | 5 | 3 | 2,680 | $270 | - |
A 1326 Mulberry Active | $524,500 List Price | 4 | 4 | 1,932 | $271 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1921 Craftsman has been significantly updated and is in move-in ready condition. The property features refreshed kitchens with modern cabinetry and stainless steel appliances, remodeled bathrooms, and updated flooring including well-maintained hardwoods and tile. Key system upgrades include newer dual-pane windows and a ductless mini-split HVAC system in the secondary unit, effectively blending historic character with modern functionality.
Configured as a duplex with a 3-bedroom main house and a 2-bedroom lower unit, this property offers excellent flexibility for rental income, house-hacking, or multi-generational living.
Perfectly positioned between Downtown Chico and Lower Bidwell Park, the home provides pedestrian access to the year-round Farmer's Market, local dining, and expansive municipal park trails.
The 1921 Craftsman charm is maintained through hardwood floors and a classic porch, while being thoughtfully modernized with dual-pane windows, refreshed kitchens, and a ductless mini-split HVAC system.
Given the home's 1921 construction, buyers should anticipate potential long-term maintenance requirements typical of century-old properties regarding aging plumbing, electrical, or foundation systems.
With five total bedrooms across two units on a 6,098 sqft lot, the outdoor area is relatively compact and low-maintenance, which may not appeal to those seeking significant private yard space.
Chico is one of Northern California’s best-kept secrets—a vibrant university town just a few hours from the Bay Area, Tahoe, and Shasta. This upgraded 1921 Craftsman sits directly across from Bidwell Park (one of the largest municipal parks in the U.S.) and just blocks from downtown and the weekly farmers market—offering rare walkability, charm, and space at a price point that’s increasingly hard to find. The main home features 3 bedrooms, 2 baths, plus a bonus office/studio, with thoughtful updates including a remodeled kitchen and baths, hardwood floors, gas fireplace insert, and efficient mini-split system. A separate 2 bed / 1 bath lower-level unit with full kitchen and private living space provides flexibility for rental income, guests, or multigenerational living. Detached garage and low-maintenance yard complete the property. Live steps from nature, food, and community—without Bay Area prices.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,680 | 2,666 |
| Lot Size | 6,098 | 9,365.5 |
| Price | $724.0K | $578.5K |
| Price per sq ft | $270 | $205 |
| Built year | 1921 | 1950 |
| HOA | $0 | $0 |
| Days on market | 106 | 93 |
Jul 11, 2026
$724,000
$749,000
-3% Price Drop
Initial Listing
Jun 3, 2026
$749,000
$759,000
-1% Price Drop
Initial Listing
May 10, 2026
$759,000
$769,000
-1% Price Drop
Initial Listing
Apr 7, 2026
$769,000
Initial Listing
Nov 3, 2022
$600,000
Public Record