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86 88chancellor AveNewark City, NJ 07112

Single Family · 3 Beds · 1 Full Bath · 2 Half Baths
$350,000 Active

86 88chancellor Ave Overview

Time on Site:
257 days
Visits:
1

Welcome to this spacious ranch-style single-family home in the highly sought out Historic District of Weequahic. Offering 34 bedrooms and 2.53 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 provided courtesy of EXP REALTY, LLC- MLS# 3992709MLS ProviderContact Information: 973-861-3653
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86 88chancellor Ave Facts & Features

  • Type Single Family

Details

General

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: Essex

Building Exterior/Construction

  • Construction Date/Year Built Des: Historical

Community/Development

  • Community Living: No

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $7,518.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 3.803
  • Tax Rate Year: 2024
  • Tax Year: 2024

General Information

  • Primary Style: Ranch
  • Property Sub Type: Single Family
  • Property Type: Residential
  • Senior Community: No
  • Zoning: Commercial

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 2
  • Bathrooms Total: 1.20
  • Bedrooms Total: 3

Building Interior

  • Appliances: Sump Pump

General Information

  • Cooling: Central Air
  • Fireplaces Total: 0
  • Flooring: Carpeting
  • Heating: Baseboard - Cast Iron
  • Rooms Total: 6

Room Information

  • Ground Level Rooms: 3Bedroom,BathMain,Kitchen,LivDinRm
  • Kitchen Area: See Remarks

Exterior

Building Information

  • Color of Building: Beige

Parking Information

  • Parking Features: None

Lot Information

  • Lot Size Area: 50X100
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Ranch
  • Construction Materials: Brick
  • Roof: Asphalt Shingle

General Information

  • Exterior Features: Open Porch(es)
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural

86 88chancellor Ave Neighborhood

Community

07112 (Newark City) Demographics

36
Median Age
13,529
Population Density (per sq. mile)
25%
College Educated
$36,289
Estimated Median Income
2,753
Estimated Total Home Owners
7,158
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

86 88chancellor Ave Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

86 88chancellor Ave Market Data

Based on the last 30 days in this zip code

$433,883
Average List Price
$2,627
Average Price per Square Foot
4
Properties Sold
114
Average Days on Market
31
Properties for Sale
Calculations provided by Reliance Network

86 88chancellor Ave History

Date Event Value Agent
2/24/2026Source: Garden State MLS Status Change
Active
12/21/2025Source: Garden State MLS Status Change
Under Contract
10/15/2025Source: Garden State MLS Added to Database
October 15, 2025