In this study, recycled acrylonitrile-butadiene-styrene terpolymer (ABSr) was reused to produce polyamide 6 (PA6)-based blends. This was achieved through reactive compatibilization using styrene-acrylonitrile-maleic anhydride (SAN-g-MA) copolymer with a high degree of functionalization (6–10% MA). The PA6/ABSr and PA6/ABSr/SAN-g-MA blends were prepared through melt processing and injection molding and then analyzed for their rheological, mechanical, thermomechanical, thermal, and structural properties, as well as morphology. The torque rheometry revealed a maximum reactivity of the PA6/ABSr (70/30 wt%) blend with low SAN-g-MA (5 phr—parts per hundred resin) content, while above this threshold, torque began to decline, indicating compatibilizer saturation in the interface. These findings were further substantiated by the increase in complex viscosity and the lower melt flow index (MFI) of the PA6/ABSr/SAN-g-MA (5 phr) blend. The 5 phr SAN-g-MA reactive compatibilization of the PA6/ABSr blends significantly enhanced its impact strength, elongation at break, tensile strength, and heat deflection temperature (HDT) by 217%, 631%, 12.6%, and 9.5%, respectively, compared to PA6/ABSr. These findings are promising for the plastic recycling field, paving the way for the production of new tailor-made materials at a reduced price.