Two units on one lot within walking distance to Chico State. Having a walk score of 88 and a Bike score of 97 places this student housing investment in a very desirable area targeted by investors. The front unit is a well kept 2 bedroom, 1 bath historic Sears Catalog home with hardwood floors, charming front porch and indoor laundry. Current rent is $1,750/mo. Shared backyard. The second unit is a very nice condition studio with tile flooring, currently rented for $700/mo. Excellent rental history for both units. The photos of the house were taken prior to it being rented to current tenants Don't miss this unique investment opportunity.
Multi-familyProperty Type
1927Year Built
3,920 sq ftLot Size
$318Price/Sq.Ft.
2 spacesParking
Listed by Ken Winslow•DRE #00956005• Re/Max of Chico
Listed by Heidi Brandt-Winslow•DRE #01441598• Re/Max of Chico
Contact: 530-570-1021
Bought with Brian Bernedo•DRE #01822607• Bernedo Real Estate
GREAT DUPLEX BY CSUS 2/1 RENTS FOR $950 AND DETACHED STUDIO RENTS FOR $395 RENTS ARE LOW PEST CLEARANCE AND WHOLE HOUSE ON FILE, LEASES UP 5/30/09 ADJOINING DUPLEX FOR SALE
Public Records
Jul 23, 2008
Sold
$440,000
$368/sq ft
CRMLS #CH200803208
Jul 14, 2008
Sold
$220,000
$184/sq ft
Apr 1, 2008
Listed
$225,000
$188/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,537 (+2.4%)
$173,400 + $214,149
$387,549
2025
$4,430 (+36.5%)
$173,400 + $214,149
$387,549
2024
$3,246 (+1.2%)
$170,000 + $209,950
$379,950
2023
$3,208 (+1.5%)
$126,543 + $164,507
$291,050
2022
$3,159 (+2.0%)
$124,062 + $161,282
$285,344
2021
$3,096 (+0.2%)
$121,630 + $158,120
$279,750
2020
$3,090 (+1.8%)
$119,246 + $155,020
$274,266
2019
$3,037 (+1.9%)
$118,024 + $153,431
$271,455
2018
$2,980 (+2.2%)
$115,710 + $150,423
$266,133
2017
$2,917 (+30.5%)
$111,218 + $144,583
$255,801
2016
$2,236 (−1.5%)
$111,218 + $144,583
$255,801
2015
$2,269 (+7.8%)
$150,000 + $60,000
$210,000
2014
$2,104 (−20.4%)
$105,000 + $90,000
$195,000
2013
$2,643 (+19.7%)
$105,000 + $90,000
$195,000
2012
$2,208
$104,823 + $136,268
$241,091
Tax history for 635 Chestnut St
Year
Property tax
Land + Additions
Assessment*
2026
$4,537 (+2.4%)
$173,400 + $214,149
$387,549
2025
$4,430 (+36.5%)
$173,400 + $214,149
$387,549
2024
$3,246 (+1.2%)
$170,000 + $209,950
$379,950
2023
$3,208 (+1.5%)
$126,543 + $164,507
$291,050
2022
$3,159 (+2.0%)
$124,062 + $161,282
$285,344
2021
$3,096 (+0.2%)
$121,630 + $158,120
$279,750
2020
$3,090 (+1.8%)
$119,246 + $155,020
$274,266
2019
$3,037 (+1.9%)
$118,024 + $153,431
$271,455
2018
$2,980 (+2.2%)
$115,710 + $150,423
$266,133
2017
$2,917 (+30.5%)
$111,218 + $144,583
$255,801
2016
$2,236 (−1.5%)
$111,218 + $144,583
$255,801
2015
$2,269 (+7.8%)
$150,000 + $60,000
$210,000
2014
$2,104 (−20.4%)
$105,000 + $90,000
$195,000
2013
$2,643 (+19.7%)
$105,000 + $90,000
$195,000
2012
$2,208
$104,823 + $136,268
$241,091
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
1927
Sq. Ft.
932
Year built
1927
Style
Single Family Residential
County
Butte County
APN
004218010000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
R3
FP
Medium-High Density Residential District
The R3 zoning district is applied to areas appropriate for medium-high density residential neighborhoods. Permitted densities range from a minimum of 14.1 to a maximum of 22 units per acre. Multi-family residential uses may be permitted to develop up to 30 dwelling units per acre when at least 15 Percent of the units are deed restricted housing affordable to low-income households at or below 80 Percent of Area Median Income (AMI). The R3 zoning district is primarily intended to implement the Medium-High Density Residential land use designation of the General Plan.
Zone overlays
Chico Urban Flood Protection
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Recreation
Housing-Mobile home park
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 2
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Individual Room
Kitchen Information
Appliances: Gas Range
Has Appliances
Cooling Information
Wall Window
Has Cooling
Room Information
All Bedrooms Down
Flooring Information
Wood
Heating Information
Floor Furnace, Wall Heater
Has Heating
Interior Features
Entry Level: 1
Entry Location: 1
Levels: One
Exterior
Exterior Information
Roof: Composition
Other Structures: Two On A Lot
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 2-5 Units/Acre
Property Information
Total # of Units: 2
Common Walls: No Common Walls
Parcel Number: 004218010000
Total # of Stories: 1
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $7,726
Tenant Pays: Electricity
Utilities
Utilities Information
Electric: 220V In Laundry
Sewer: Public Sewer
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 11734739
Listing Key Numeric: 372639029
Actual Rent: $1,750
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,750
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11734740
Listing Key Numeric: 372639029
Actual Rent: $700
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $700
Total # of Units: 1
Expenses
Trash: $480
Total: $7,726
Insurance: $1,556
Water Sewer: $1,400
New Taxes: $4,290
Multi-Unit Information
# of Units With Refrigerator: 2
# of Units With Range: 2
# of Units With Patio: 1
Net Operating Income: $21,674
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Average 1 Bed Area: 932
Sq. Ft.
Total Building Area: 1,196
Gross Scheduled Income: $29,400
Gross Multiplier: 13
Gross Income: $19,408
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 2
Neighborhood Information
Community Features: Suburban
Location Information
Directions: On Chestnut between 6th and 7th Streets
Road Frontage Type: Access via City Streets
Zoning: R3
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 932
Stories: 1.0
Lot Size: 3,920 square feet
Style: Single Family Residential
Year Built: 1927
Year Renovated: 1927
County: Butte County
APN: 004218010000
Home facts updated by county records on Oct 15, 2026
Other
Listing Information
IDX Contact Info: 530-570-1021
Days Active in MLS: 14
Continuous Days Active in MLS: 14
Listing Agent Information
List Agent First Name: Ken
List Agent Last Name: Winslow
Co-List Agent First Name: Heidi
Co-List Agent Last Name: Brandt-Winslow
Listing Office Information
List Office Name: Re/Max of Chico
Co-List Office Name: Re/Max of Chico
Selling Agent Information
Buyer Agent First Name: Brian
Buyer Agent Last Name: Bernedo
Selling Office Information
Buyer Office Name: Bernedo Real Estate
Around this home
Schools
K - 12
Preschool & daycare
Citrus Avenue Elementary School
Public K-5 • Assigned • 1.1mi
6/10
Chico Junior High School
Public 6-8 • Assigned • 0.7mi
7/10
Chico High School
Public 9-12 • Assigned • 0.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 46-56% chance of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
8/10 Heat Factor
6 days above 105° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Chico, CA • 95928
Average low and high temperatures (°F)
61°
39°
62°
42°
73°
48°
75°
48°
84°
57°
92°
62°
94°
63°
96°
64°
89°
62°
75°
52°
63°
45°
54°
43°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.4 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
13.4 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Sell confidently with a local market expert in Chico. 3 minutes to get started.