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$350,000

  • For Sale
  • Under Contract
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 2 Partial Baths
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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.

Full Property Details for 86-88 Chancellor Ave

General

  • Price: $350,000
  • Taxes: $7,518
  • Status: Under Contract
  • Type: Single Family
  • Source: NJMLS
  • MLS ID: 25037184
  • Updated: 12/21/2025
  • Added to Site: 95 day(s) ago

Interior

  • Number of Rooms: 6
  • Interior Features: Historic
  • Fireplace: Yes

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Pool Description: None
  • Other Features: 1st Flr Primary Bdrm, Close to Parks, Close to School, Close to Transportation, One-Floor Living, Zoned Prof Office Use

Parking

  • Parking: None

Location

  • Area: Newark
  • County: ESSEX

Community

  • Home Owners Assn.: None

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Gas

Structural Information

  • Architectural Style: Ranch
  • Description/Design: Historic
  • Exterior Const.: Brick
  • Basement Desc.: Full
  • Stories/Levels: 1.0
  • Year Built: 1900-1939

Lot Features

  • Property View: None
  • Lot Description: Regular

Water Features

  • Water Front Desc.: None

Financial Considerations

  • Tax Amount: $7,518

Disclosures and Reports

  • Ownership: Private
  • Flood Zone: None

Listed by EXP Realty, LLC (866) 201-6210, Pruvi Pierre (973) 861-3653

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Listing agent

— 86-88 Chancellor Ave —

  • Pruvi Pierre

    EXP Realty, LLC

    (973) 861-3653

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 86-88 Chancellor Ave

School District:Newark City School District
NameGradesDistance
Chancellor Avenue Elementary School, Newark, NJ
321 Chancellor Avenue, Newark, NJ 07112
3-80.6 mi
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-80.6 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.8 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-61 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-81.1 mi
Louise A. Spencer Elementary School
66 Muhammad Ali Avenue, Newark, NJ 07108
PK-81.9 mi
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-42.1 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-82.7 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-82.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 86-88 Chancellor Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2025
Listed
$350,000
52.17%
MLS
10/22/2021
Sold
$230,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 86-88 Chancellor Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,519
2%
$197,700
—
2023
$7,370
—
$197,700
—
2022
$7,386
—
$197,700
—
2021
$7,382
33%
$197,700
—
2021
$5,565
-25%
$197,700
—
2019
$7,436
2%
$197,700
—
2018
$7,301
4%
$197,700
—
2017
$7,038
3%
$197,700
—
2016
$6,801
4%
$197,700
—
2015
$6,542
7%
$197,700
—
2014
$6,131
—
$197,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 86-88 Chancellor Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by EXP Realty, LLC (866) 201-6210, Pruvi Pierre (973) 861-3653

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86-88 Chancellor Avenue, Newark, NJ 07112 (MLS# 25037184) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 86-88 Chancellor Avenue is currently listed for $350,000 and was received on October 15, 2025. Want to learn more about 86-88 Chancellor Avenue? Do you have questions about finding other Single Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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