The game is noted for using digitized sprites using photographs of characters, texts in Comic Sans and backgrounds from the live-action series in a similar way to Mortal Kombat.[3] The game was developed by CyberGamba and its team, without exposing his identity to avoid copyright issues.[4] According to CyberGamba, the game started just for fun with at first only Chavo, Don Ramón and Chilindrina playable, but his friends liked it so much that they influenced him to continue with the game project and create a page to post in on internet.[5] The game's gameplay mostly references several 90s fighting games with mechanics that consist of the player controlling the character and attacking the opponent with punches, kicks and special attacks until ending the opponent's life bar. Regardless of the character chosen, the player will face 8 fights with random characters, at the end of the game there is a cutscene that varies between each character, showing them facing their rival usually based on specific episode events of the live-action series. The game also includes songs from the Brazilian LP released in 1989 as part of the soundtrack.
The game is known for being a cult classic among the El Chavo del Ocho fandom during the 2000s.[3][6] Street Chaves was well publicized by fans at the time of its release, for being a free game, it was made available for download not only on the developer's website, but on many other websites on internet.[4] The game's success led to CyberGamba creating more games inspired by El Chavo del Ocho satirizing other classic games, a 3D sequel to the game titled Chaves Arena was projected, but was canceled with only the beta version of the game available with Chavo and Don Ramón playable.[7]
In 2022 an unofficial port of the game for Sega Genesis was made by a different programmer under the title Street Chaves II, including new content like El Chapulín Colorado as one of the new fighters.[8][9]