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$ 350,000
Est. payment /mo
Under Contract
86 88chancellor Ave Newark City, NJ 07112
3 Beds
2 Baths
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3992709
Style Ranch
Bedrooms 3
Full Baths 1
Half Baths 2
HOA Y/N No
Year Built 1920
Annual Tax Amount $7,518
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Single Family
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.
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Unfinished
Kitchen See Remarks
Interior
Heating Gas-Natural
Cooling Central Air
Flooring Carpeting
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Ranch
Others
Senior Community No
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC
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