86 88chancellor Ave
Newark City, NJ 07112
$350,000
Beds: 3
Baths: 1 | 2
Sq. Ft.: N/A
Type: House
Listing #3992709
Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 3"4 bedrooms and 2.5"3 baths across two levels, including a finished basement. With low taxes, a prime location, and estimated rehab costs of $125K"$200K, this property offers strong upside potential! The lender's ARV estimate is $550K+. Highlights include an open-concept layout, a large master bedroom, and flexible space for additional bedrooms. The renovated basement adds valuable living or recreational space.Situated near public transit and just minutes from the NJ Turnpike ideal for NYC commuters. Currently in a residential zone residential but is commercial use; buyer will need to convert usage to residential. Cash or hard money only. Direct end buyers only " no wholesalers.
Property Features
County: Essex
Community Living: No
Latitude: 40.70438
Longitude: -74.21306
Directions: Elizabeth Ave to Chancellor Ave
Total Rooms: 6
1/2 Baths: 2
Kitchen Description: See Remarks
Has Fireplace: No
Number of Fireplaces: 0
Heating: Baseboard - Cast Iron
Heating Fuel: Gas-Natural
Cooling: Central Air
Floors: Carpeting
Appliances: Sump Pump
Basement Description: Unfinished
Has Basement: Yes
Style: Ranch
Exterior: Open Porch(es)
Siding: Brick
Roof: Asphalt Shingle
Sewer: Public Sewer
Water: Public Water
Utilities: Electric, Gas-Natural
Has Garage: No
Garage Spaces: 0
Driveway: None
Has a Pool: No
Lot Size: 50X100
Lot Size in Acres: 0.11
Zoning: Commercial
Property Type: SFR
Property SubType: Single Family
Year Built: 1920
Status: Active
Senior Community: No
Tax Amt / Rate / Rate Yr / Yr: 7518 / 3.803 / 2024 / 2024
Tax Year: 2024
Tax Amount: $7,518
Days On Market: 10
$ per month
Year Fixed. % Interest Rate.
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Seller's Representative:
EXP REALTY, LLC
EXP REALTY, LLC
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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers? personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers? personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
GSMLS (Broker IDX) data last updated at October 25, 2025, 12:27 AM ET
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