#24032900, Darrell Bailey, Listing office: EXP Realty, LLC
$350,000 List price
86 Chancellor Ave Unit 1 Newark City, NJ 07112
3 beds
1 full, 2 partial
0.1 acres
House
Property details
About 86 Chancellor Ave Unit 1
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.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air
BasementYes
Lot size0.11 Acres
Year built1940
ParkingNone, Off-Street Parking, None
MLS #3928614
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 1
- Basement: Yes
- Flooring Type: Carpeting, Tile, Wood
- Interior: StallShw, WlkInCls
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: None, Off-Street Parking, None
- Exterior: Open Porch(es)
- Architectural Style: Ranch, Detached, Fixer Upper
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $350,000
- Lot: Level
- Directions: Elizabeth Ave to Chancellor Ave
- Year Built: 1940
- Lot Size: 0.11 Acres
- MLS Number: 3928614
- Office Name: EXP REALTY, LLC
- Office Phone: (862) 283-1282
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Last updated on: 7/10/2025, 12:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
4
George Washington School
Public District 5-5
0.8 mi
•1530 Leslie St
6
Hurden Looker School
Public District 3-4
1.2 mi
•1261 Liberty Ave
3
Mt. Vernon Avenue Elementary School
Public District KG-5
1.4 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 $44,375. Most Newark City, NJ residents have annual incomes less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
45%
<35k
34%
35k-100k
20%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
14%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
41%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 86 Chancellor Ave Unit 1
The listing price of 86 Chancellor Ave Unit 1 property is $350,000.
The property 86 Chancellor Ave Unit 1 is a house located in Newark City, New Jersey, 07112.
Active Listing: 86 Chancellor Ave Unit 1 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 86 Chancellor Ave Unit 1 are: George Washington School (GreatSchools Rating 4/10), Hurden Looker School (GreatSchools Rating 6/10), Mt. Vernon Avenue Elementary School (GreatSchools Rating 3/10), Chancellor Avenue Elementary School (GreatSchools Rating 2/10), George Washington Carver Elementary School (GreatSchools Rating 2/10), Krumbiegel Middle 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 Chancellor Ave Unit 1 has 3 bedrooms and 1 full and 2 half bathrooms.
The year of construction for 86 Chancellor Ave Unit 1 is 1940.
This home is located at 86 Chancellor Ave Unit 1 in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $350,000.
The number of homes for sale in Newark City, NJ increased by 29.7% between May and June 2025. Listings spent 90 days on the market in June 2025, and had a median list price of $499,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.