---
title: "86-88 Chancellor, Newark, NJ 07112"
description: "86-88 Chancellor, Newark, NJ 07112 — NYC real estate listing on Real Estate Rebate Team. Priced at $350000. Est. potential buyer savings up to $8,750 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newjersey/newark/07112/86-88-chancellor-nj-07112"
source: "Real Estate Rebate Team"
---

# 86-88 Chancellor, Newark, NJ 07112

> **Listing Courtesy of:** EXP Realty, LLC

## Description

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

- **Price**: $350000
- **Potential Buyer Rebate**: $8,750
- **Bedrooms**: 3
- **Bathrooms**: 1 full, 2 half
- **Property Type**: Ranch
- **Neighbourhood**: Newark City
- **Area / Borough**: Newark
- **Subdivision**: Newark
- **Listing Office**: EXP Realty, LLC
- **State**: NJ

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$8,750** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/nj/essex/newark-city)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.