$350,000

86 88chancellor Ave, Newark City, NJ 07112

3 beds |
1 bath

Single-Family Home
Built in 1920
4,792sqft lot
—— car garage
$——/sqft
Listed 9 months ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: August 9, 2026 at 12:40PM
Listing Office:: EXP REALTY, LLC : 866-201-6210
MLS ID:: 3992709

Kitchen: See Remarks
Appliances: Sump Pump
Basement: Unfinished
Flooring: Carpeting
A/C: Central Air
Heating: Baseboard - Cast IronGas-Natural
Fireplace: Fireplaces: 0

General: BrickOpen Porch(es)
Style: Ranch

Roofing: Asphalt Shingle

County: Essex

Driveway: None
Zoning: Commercial1614-03690-0000-00010-0000-

Utilities: ElectricGas-Natural
Water: Public Water
Sewer: Public Sewer

This listing courtesy of EXP REALTY, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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