$4,156 Closing Credit¹
#3928614, Listing office: EXP REALTY, LLC
#24032900·
Listing office: EXP Realty, LLC·
Listing agent: Darrell Bailey·
Listing office phone: (862) 283-1281
$350,000 List price
86-88 Chancellor Ave Newark, NJ 07112
$4,156
Closing credit¹
3 beds
1 full, 2 partial
House
Property details
About 86-88 Chancellor Ave
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 would need to be converted. Property does not qualify for traditional financing CASH OR HARD MONEY ONLY Direct end buyers only; no wholesalers pls.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air
BasementYes
MLS #24032900
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 1
- Basement: Yes
- Interior: Central Vacuum
- Fireplace: None
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: None
- Waterfront: None
- Architectural Style: Ranch
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $350,000
- Stories: 1
- MLS Number: 24032900
- Office Name: EXP Realty, LLC
- Office Phone: (862) 283-1281
- Listing Agent: Darrell Bailey
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 6:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$350,000
86-88 Chancellor Ave
$4,156
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
4
George Washington School
Public District 5-5
1.0 mi
•1530 Leslie St
6
Hurden Looker School
Public District 3-4
1.3 mi
•1261 Liberty Ave
3
Mt. Vernon Avenue Elementary School
Public District KG-5
1.6 mi
•54 Mount Vernon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,338. Typical income of Newark, NJ residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
37%
<35k
46%
35k-100k
14%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
21%
Single, with Kids
10%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
42%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 86-88 Chancellor Ave
The listing price of 86-88 Chancellor Ave property is $350,000.
The property 86-88 Chancellor Ave is a house located in Newark, New Jersey, 07112.
Active Listing: 86-88 Chancellor Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 86-88 Chancellor Ave are: George Washington School (GreatSchools Rating 4/10), Hurden Looker School (GreatSchools Rating 6/10), Mt. Vernon Avenue Elementary School (GreatSchools Rating 3/10), Krumbiegel Middle School (GreatSchools Rating 2/10), George Washington Carver Elementary School (GreatSchools Rating 2/10), Chancellor Avenue Elementary School (GreatSchools Rating 2/10), Eagle Academy for Young Men of Newark (GreatSchools Rating 1/10), Weequahic High School (GreatSchools Rating 1/10), Team Academy Charter School (GreatSchools Rating 5/10).
The property at 86-88 Chancellor Ave has 3 bedrooms and 1 full and 2 half bathrooms.
This home is located at 86-88 Chancellor Ave in Newark, NJ and zip code 07112 in the Weequahic neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $350,000.
Between April and May 2025, Newark, NJ real estate market has seen increase in the number of listings by 20.2%. In May 2025 median list price was $487,177 and the average listing age was 96 days.
From Rocket Homes Real Estate and based on county public records data.