1109 Ivy Street Chico, CA 95928

$499,000 Active

About the Property

Discover a fantastic investment opportunity in the heart of Downtown Chico. This clean and cute duplex, built in 1940, offers timeless charm and modern potential. With 1,544 sq ft of living space, this property offers each unit 2 spacious bedrooms and a bathroom. The front unit offers classic hardwood flooring with an open living area, perfect for a cozy evening or entertaining guests. While the second unit offers a functioning kitchen with ample cabinetry, modern appliances and space for casual dining. Large living room windows are ideal for tons of natural light. Built with enduring character, the property sits on a 5,663 sq ft lot, offering a low maintenance yard and ample parking. Don’t miss out on this great investment opportunity.

Property Information

Size 1,544 SqFt
Price/SqFt $323
Lot Size 0.13 Acres
Year Built 1940
Property Type Residential Income
Zoning R3
Listing Number SN25081610
Listed 4/14/2025
Modified 4/16/2025
Listing Agent Carly Wolf
Listing Office Re/Max of Chico
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Community Features
  • Biking
Construction Materials
  • Wood Siding
Cooling
  • Wall/Window Unit(s)
Electric
  • Electricity - On Property
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 1.00
Gross Income
  • 3100.00
Gross Scheduled Income
  • 37200.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 34835.00
Operating Expense
  • 2365.00
Parking Total
  • 1.00
Pool
  • None
Price Pe rUnit
  • 249500
Roofing
  • Shingle
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 2365.00
Views
  • Neighborhood
Water Source
  • Public
Interior
  • Ceiling Fan(s)
  • Tile Counters
Flooring
  • Laminate
  • Tile
  • Wood
Tenant Pays
  • Electricity
  • Gas
  • Trash Collection
Appliances
  • Dishwasher
  • Gas Oven
  • Gas Water Heater
  • Refrigerator
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected