No. 3 Chico Terrace is situated at 1–3 Chico Terrace, Mid-Levels West, Hong Kong Island. Completed in January 1988, the single-tower development comprises 36 residential units, offering layouts ranging from 1 to 3 bedrooms.

The neighbourhood offers convenient amenities, with Pentecostal Tabernacle Car Park nearby and Mid-Levels Veterinary Centre serving local pet owners. Cultural and leisure spots are within easy walking distance—approximately 5 minutes to the Dr Sun Yat-sen Museum, and about 8 minutes to PMQ and Wing Lee Street Rest Garden.

For education, the property falls within Primary One Admission (POA) School Net 11 and the Central & Western Secondary School Net.