$4,038 Closing Credit¹
#24032900, Darrell Bailey, Listing Office: EXP Realty, LLC
$340,000 List price
86 Chancellor Ave Unit 1 Newark City, NJ 07112
$4,038
Closing credit¹
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. 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
- MLS Number: 3928614
- Office Name: EXP REALTY, LLC
- Office Phone: (862) 283-1281
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$340,000
86 Chancellor Ave Unit 1
$4,038
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
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. Most families are single, no kids. The majority of residents in this area have high school diploma education.
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
Similar homes for sale
3 days on Rocket
$3,562 Closing Credit¹
#3950066, Listing Office: EXIT REALTY URBAN LIVING
$5,094 Closing Credit¹
#250003348, Listing Office: CENTURY 21 PREFERRED REALTY INC
$3,859 Closing Credit¹
#3939197, Listing Office: COLDWELL BANKER REALTY FLE
$5,344 Closing Credit¹
#25004014, Christina Gerges, Listing Office: Realty One Group Prodigy
$5,926 Closing Credit¹
#3946387, Listing Office: HOMESMART FIRST ADVANTAGE
6 hours on Rocket
$5,936 Closing Credit¹
#3949822, Listing Office: SERHANT NEW JERSEY LLC
$5,938 Closing Credit¹
#3947733, Listing Office: RE/MAX IN ACTION
$5,926 Closing Credit¹
#3934665, Listing Office: THE MARC AGENCY
$5,937 Closing Credit¹
#3947188, Listing Office: REAL
Frequently asked questions
About 86 Chancellor Ave Unit 1
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 $340,000.
In February 2025 in Newark City, NJ there were 18.4% more homes for sale than in January. In February 2025 median list price was $495,000 and the average listing age was 100 days.
From Rocket Homes Real Estate and based on county public records data.