Oak Terrace Apartments

15732 Terrace Drive, Oak Forest, IL, 60452

Oak Terrace ApartmentsCommunity

Units for Sale

Front view of a three-story apartment building with balconies.

View Listing

MLS ID #12266649

View Listing MLS ID #12266649

Front view of a multi-story brick apartment building with large windows.

View Listing MLS ID #12112149

Front view of a multi-story brick building with balconies.

View Listing MLS ID #12266649

Front view of a brick apartment building with balconies.

View Listing MLS ID #12266649

Year Built

1976

# Stories

# Total Units

Unit Size Range

950-1,050 sqft

Unit Demand

Low

Unit Availability

Low

Building Description
Located at 15732 Terrace Drive, Oak Forest, IL, Oak Terrace Apartments is a charming residential complex built in 1976. The building comprises three stories, offering a selection of thoughtfully designed 1 and 2-bedroom apartments. Emphasizing functionality and comfort, each unit provides generous living spaces and ample natural light, fostering a welcoming environment for residents. The construction emphasizes durability and practicality, evident in its brick facade and classic architectural design. Oak Terrace Apartments features numerous amenities to enhance the living experience, including a well-maintained communal laundry room and on-site parking. Although it is not a waterfront property, it offers easy access to nearby parks and recreational areas, allowing residents to enjoy leisurely outdoor activities. Situated in an accessible location, the building is conveniently close to local shops, dining establishments, and essential services, contributing to its appeal for those seeking a balanced and tranquil lifestyle. The neighborhood boasts a peaceful residential setting, while still being well-connected to the broader urban area, ensuring that Oak Terrace Apartments remains an attractive choice for tenants seeking urban comfort.

View Listing

MLS ID #12266649

View Listing MLS ID #12266649

View Listing MLS ID #12112149

View Listing MLS ID #12266649

Amenities

Parking

Locker

Concierge

Elevator

Central AC

Pool

Fitness Center

Visitors Parking

Building Policies

Pet Allowed

Short-term Rental Allowed

BBQ Permitted

Sublet Allowed

Oak Terrace Apartments Market Report (last 12 months)

Avg. List Price

$95,000 ($95/Sqft.)

Year-Over-Year List Price

0.00%

Total Listings

Avg. Days On Market

Avg. Sale Price

$93,000 ($93/Sqft.)

Year-Over-Year Sale Price

0.00%

Total Sold

Avg. HOA Fees/Sqft

$4 /monthly

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About Oak Terrace Apartments

Condo Living at Oak Terrace Apartments, located at 15732 TERRACE DRIVE, OAK FOREST, IL:

Imagine finding the perfect blend of comfort and convenience in the cozy community of Oak Terrace Apartments. Built in 1976, this charming three-story building offers a warm, welcoming environment perfect for first-time homebuyers looking for an affordable and accessible entry into the real estate market. With eight thoughtfully designed units ranging from 950 to 1,050 square feet, there’s a cozy space waiting just for you!

Building Features and Unit Availability:

With just eight total units, Oak Terrace Apartments boasts a cozy atmosphere that makes it feel like home right away. Availability is currently low, which indicates that there's a growing demand for a spot in this charming condo community. With an average closed price of around $93,000, you’ll find the pricing quite affordable compared to nearby options. Units are stylishly laid out, making the most of their space, so you can easily create your personal sanctuary.

Amenities You'll Love:

One of the standout features of Oak Terrace Apartments is the range of amenities that make urban living feel more like a resort. How about a tennis match or a refreshing dip in the pool on a warm summer day? The community also boasts a sundeck for sunbathing and a clubhouse and party room perfect for social gatherings and celebrations. Whether you want to relax with friends or take some time for self-care, these amenities have you covered.

Based on information submitted to the MRED as of Mar 10, 2025 at 11:23:25 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Midwest Real Estate Data LLC Information is deemed reliable but not guaranteed. Properties marked with the MRED icon are provided courtesy of Midwest Real Estate Data, LLC. Broker Reciprocity. Use of this site constitutes agreement to the terms and conditions.

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