2244 Elm, Chico, CA 95928
2244 Elm, Chico, CA 95928
Property Description
Two homes on two lots in the heart of town! Situated on two lots, this unique property offers endless possibilities for investors or first-time buyers looking to offset their mortgage with rental income. Both homes are vacant, turnkey, and move-in ready! The front house has 2 bedrooms, 1 bathroom, updated laminate flooring, fresh interior paint, a bonus office space, indoor laundry, and a cozy kitchen with a breakfast nook. There is a long driveway for off-street parking, a newer roof, and a newer HVAC system. Behind the main house is 2242 Elm, a second 2-bedroom, 1-bathroom home with a bonus room or office. The additional vacant lot offers even more potential — create a large garden, add RV parking, or explore the possibility of building additional homes to maximize investment income (plans have been drawn up for a 3/2 and 2/1). Conveniently located near downtown, freeway access, shopping, and everyday amenities, this versatile property is packed with opportunity!
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Chico · Single Family Residence
Listed 21.3% below the median closed sale of $545,000. Price per sqft ($225) is a 22% discount to closed comps ($288).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1502 Sunset Avenue | Chico | 1947 | 3 | 2 | 1,763 | 7,841 | $251 | $443,000 | 8 | 89 |
| 183 Washington Avenue | Chico | 1946 | 3 | 2 | 1,634 | 6,098 | $229 | $375,000 | 66 | 87 |
| 923 Moss Avenue | Chico | 1954 | 3 | 2 | 1,774 | 6,534 | $240 | $425,000 | 87 | 82 |
| 898 Yosemite Drive | Chico | 1989 | 4 | 2 | 1,705 | 8,712 | $343 | $585,000 | 34 | 79 |
| 16 Niagara | Chico | 1978 | 4 | 2 | 1,645 | 10,019 | $222 | $364,900 | 22 | 79 |
| Total: 5 · Average | 3.4 | 2.0 | 1,704.2 | 7,840.8 | $257 | $438,580 | 43.4 | |||
| Median | 1,705 | $425,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1795 Estates Way | Chico | 1965 | 10/07/2026 | 3 | 3 | 1,872 | 10,454 | $668,000 | $700,000 | $374 | 1.05 | 33 | 80 |
| 194 Picholine Way | Chico | 1990 | 09/24/2026 | 3 | 2 | 1,979 | 13,504 | $575,000 | $576,000 | $291 | 1.00 | 33 | 79 |
| 1696 Oak Way | Chico | 1966 | 09/24/2026 | 3 | 2 | 2,050 | 20,473 | $400,000 | $365,000 | $178 | 0.91 | 54 | 78 |
| 190 Via Mission | Chico | 1991 | 10/06/2026 | 3 | 2 | 1,845 | 7,841 | $539,000 | $535,000 | $290 | 0.99 | 41 | 78 |
| 3249 Calistoga Drive | Chico | 1995 | 09/24/2026 | 3 | 2 | 1,774 | 8,276 | $565,000 | $545,000 | $307 | 0.96 | 170 | 76 |
| Total: 5 · Average | 3.0 | 2.2 | 1,904 | 12,109.6 | $544,200 | $544,200 | $288 | — | 66.2 | ||||
| Median | 1,872 | $545,000 | $545,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.