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.
Property Details
- Floors
- Carpeting
- Kitchen Features
- See Remarks
- Cooling
- Central Air
- Heating
- Baseboard - Cast Iron
- Heating Source
- Gas-Natural
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 2.0
- Full Baths
- 1
- Half Baths
- 2
- Exterior Features
- Open Porch(es)
- Exterior Materials
- Brick
- Acres
- 0.11
- Lot Size
- 50X100
- Property Type
- Purchase
- Style
- Ranch
- Basement
- 1
- Basement Description
- Unfinished
- Year Built
- 1920
- Roof
- Asphalt Shingle
- Sewer Information
- Public Sewer
- Utility Features
- Electric, Gas-Natural
- Appliances
- Sump Pump
- Water
- Public Water
- County
- Essex
- Region
- Newark City
- Zoning
- Commercial
- Ownership
- Fee Simple
- MLS #
- 3992709
- Property Subtype
- Single Family
- Parcel Number
- 1614-03690-0000-00010-0000-
- MLS #
- 3992709
- Structure Type
- Ranch
- Date Listed
- October 15, 2025
- Ownership Type
- Fee Simple
- Address
- 86 88chancellor Ave
Location
Legal
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Provided By
Listed by PRUVI PIERRE (#305554)
Listing Office: EXP REALTY, LLC (#5028)
