86-88 Chancellor, Newark, NJ 07112

Newark, ESSEX, NJCourtesy of EXP Realty, LLC

86-88 Chancellor, Newark City, Newark, NJ 07112 - Main property photo

86-88 Chancellor, Newark City, Newark, NJ 07112 - Property photo 2 of 13

86-88 Chancellor, Newark City, Newark, NJ 07112 - Property photo 3 of 13

86-88 Chancellor, Newark City, Newark, NJ 07112 - Property photo 4 of 13

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86-88 Chancellor, Newark City, Newark, NJ 07112 - Property photo 5 of 13

The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures beside this are illustrative, based on a 3% buyer-broker commission; your share follows the commission offered on the transaction.

Contract Purchase Price$350,000

Illustrative Buyer Commission Share-$5,250*

Illustrative Net Cost$344,750

Listing Price

$350000

Common Charges—

Monthly Taxes$627 / mo

Price per Sqft—

Brokerage FeeShare Eligible

Beds

Total Baths

—

Sqft

Illustrative Buyer Savings

+$5,250*

50% of a 3% buyer-broker commission, shared at closing

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Regis Roumila

Verified Member: REBNY · NAR

NYDOS LIC#: 10491211335

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Property Overview

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 Turnp...

Property Details

PROPERTY TYPERanch

BEDS3

TOTAL BATHS3

MONTHLY TAXES$627 / mo

LISTED ONOct 15, 2025

DAYS ON MARKET330 Days

Residence Features

•Baseboard

•Gas

•Brick

•Full

•Zoned Prof Office Use

•Historic

•1st Flr Primary Bdrm

•Close/Parks

Estimated Monthly Payment

$2,396/ month

Down Payment$70,000 (20%)

Interest Rate6.5%

Loan Term

Principal & Interest

$1,770

Property Taxes

$627

Estimates only. Actual payments may vary. Confirm terms with your lender.

Neighborhood Context

Nearby Schools

Maple Avenue Elementary School0.31 miles

Maple Avenue School0.32 miles

Maple Avenue School Annex0.35 miles

Chancellor Avenue School Annex0.4 miles

Sinai School0.5 miles

* Distances are approximate line-of-sight metrics.

Location Context

Newark City

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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than RLS Data display by Real Estate Rebate Team LLC. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.