Where does google chrome store unpacked extensions?
Turns out that unpacked extensions are left in their original locations. Only packed extension get extracted to the places Alex.Piechowski mentioned.
I was able to find luck in:
Non-windows 7:
C:\Documents and Settings\<username>\Local Settings\Application Data\Google\Chrome\User Data\<profile>\Extensions
-or-
Windows 7:
C:\Users\<username>\AppData\Local\Google\Chrome\User Data\<profile>\Extensions
EDIT: You can go to "chrome://version/" (like a url) and it shows your "Profile Path". There you can find an "Extensions" folder which is the one you're looking for.