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.
Active
$350,000
86 88chancellor Ave, Newark City, NJ 07112
3beds
--sqft
Est.:
Single Family Residence
Built in 1920
4,791.6 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious ranch-styleRenovated basementLarge master bedroomOpen-concept layout
- 60 days |
- 699 |
- 28 |
Zillow last checked: December 13, 2025 at 11:15pm
Listing updated: October 15, 2025 at 09:10am
Listed by:
Pruvi Pierre 973-861-3653,
Exp Realty, Llc
Source: GSMLS,MLS#: 3992709
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Kitchen
- Features: See Remarks
Heating
- Baseboard - Cast Iron, Natural Gas
Cooling
- Central Air
Features
- Kitchen
- Flooring: Carpet
- Basement: Yes,Unfinished,Sump Pump
- Has fireplace: No
Property
Parking
- Parking features: None
Features
- Patio & porch: Open Porch(es)
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 1614036900000000100000
- Zoning description: Commercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- Year built: 1920
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $197,700
- Annual tax amount: $7,518
- Date on market: 10/15/2025
- Ownership type: Fee Simple
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Listed for sale | $350,000 |
Source:  GSMLS #3992709 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,426/mo
Principal & interest
$1714
Property taxes
$589
Home insurance
$123
Climate risks
Neighborhood: Weequahic
Nearby schools
GreatSchools rating
- 4/10Chancellor Avenue Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 2/10Eagle Academy for Young Men of NewarkGrades: 7-12Distance: 0.5 mi
- 1/10Weequahic High SchoolGrades: 9-12Distance: 0.5 mi
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