86 88chancellor Ave | Newark City

$350,000 | 3 Beds | 3 Baths (1 Full, 2 Half)

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. GSMLS 3992709

Directions to property: Elizabeth Ave to Chancellor Ave

MLS Listing ID: 
GSMLS 3992709
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Architectural Style: 
Ranch
Year Built: 
1920
New Construction: 
0
Basement: 
Unfinished
Fireplaces: 
No
Construction
Roof: 
Asphalt Shingle
Exterior: 
Brick
Exterior Features: 
Open Porch(es)
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
6
Total Bedrooms: 
3
Total Bathrooms: 
3
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
2
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Cast Iron
Heating System Fuel: 
Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Total Parking Spaces: 
0
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1614-03690-0000-00010-0000-
Lot Number: 
10
Annual Tax: 
$7,518.00
Property Zoning: 
Commercial
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
10/15/2025
Contract Details
Details about the listing contract.
Possession: 
Immediately
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC