587 E 3rd, Chico, California 95928, Chico, 95928 - 5 bed, 3 bath
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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 | $769,000* List Price | 5 | 3 | 2,680 | $290 | - |
A 1029 Salem Street Active | $550,000 List Price | 0 | 0 | 2,277 | $242 | 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.
Overflowing with undeniable Chico character! This captivating 3 bedroom, 2 bath 1921 Craftsman-style home and 2 bedroom, 1 bath lower unit was built to last. It has been tastefully upgraded, and it is perfectly located between Downtown Chico and the edge of Lower Bidwell Park — one of the most expansive municipal parks in the country. Step inside to discover warm hardwood floors, an abundance of natural light, and a welcoming living room anchored by a Mendota Timberline gas fireplace insert, with French doors spilling out onto a charming street-facing porch. Newer dual pane windows, a beautifully refreshed kitchen, stylish recessed lighting, and refined window treatments. The second unit has been updated with a ductless Mitsubishi mini split HVAC system in addition to the remodeled kitchen and bathroom. Low maintenance yard. Detached garage for storage or hobbies. Pedestrian distance to Chico's coveted year-around Farmer's Market and EV charging stations. This home is a must see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 89% |
| Baths | 3.0 | 0.0 | 89% |
| Square foot | 2,680 | 2,103 | 67% |
| Lot Size | 6,098 | 8,276 | 33% |
| Price | $769.0K | $525.0K | 89% |
| Price per sq ft | $287 | $242 | 78% |
| Built year | 1921 | 1948 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 201 | 11% |
Apr 7, 2026
$769,000
Initial Listing
Nov 3, 2022
$600,000
Public Record