86 Chancellor Ave #1, Newark City, NJ 07112
Local realty services provided by:Better Homes and Gardens Real Estate PorchLight Properties



86 Chancellor Ave #1,Newark City, NJ 07112
$350,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Single family
- Pending
Listed by:darrell bailey
Office:exp realty, llc.
MLS#:3928614
Source:NJ_GSMLS
Price summary
- Price:$350,000
About this home
Welcome to this beautiful ranch style single-family home that presents an exceptional investment opportunity! Located near Weequahic Park, this residence boasts with potential 3/4 bedrooms, 2.5-3 bathrooms, spread over 2 floors including the basement. This property offers endless possibilities for customization and enhancement with low taxes and a prime location. Upon entry, you'll be greeted by an inviting open-plan concept. The first floor features a spacious master bedroom with an the opportunity to create an additional 2/3 bedrooms. Estimated rehab work is $125k-$150k The current owners lender estimated after-repair value of $500K+. A renovated basement adds further value, providing additional recreational space and elevating the after-repair value. Located near all modes of public transportation and just minutes from NJ Turnpike, providing an easy commute to NY. Current usage is commercial. It is in a residential zone and the usage would need to be converted. Property does not qualify for traditional financing CASH OR HARD MONEY ONLY Direct end buyers only; no wholesalers pls.
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Home facts
- Year built:1940
- Listing Id #:3928614
- Added:312 day(s) ago
- Updated:August 13, 2025 at 08:35 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:1
- Half bathrooms:2
Heating and cooling
- Cooling:Central Air
- Heating:1 Unit
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1940
- Lot area:0.11 Acres
Schools
- High school:CHANCELLOR
- Middle school:CHANCELLOR
- Elementary school:CHANCELLOR
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$350,000
- Tax amount:$7,370 (2023)
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