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  1. Home/
  2. Oak Forest, IL/
  3. Oak Terrace Apartments

Oak Terrace Apartments

15732 Terrace Drive, Oak Forest, IL, 60452

Oak Terrace ApartmentsCommunity
0 Units for Sale

Front view of a three-story apartment building with balconies.View Listing
MLS ID #12266649
Front view of a three-story apartment building with balconies.View ListingMLS ID #12266649
Front view of a multi-story brick apartment building with large windows.View ListingMLS ID #12112149
Front view of a multi-story brick building with balconies.View ListingMLS ID #12266649
Front view of a brick apartment building with balconies.View ListingMLS ID #12266649
YearBuilt

Year Built

1976

Stories

# Stories

3

#TotalUnits

# Total Units

8
UnitSizeRange

Unit Size Range

950-1,050 sqft

UnitDemand

Unit Demand

Stories

Low

UnitAvailability

Unit Availability

Stories

Low


About Oak Terrace Apartments

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.

Front view of a three-story apartment building with balconies.View Listing
MLS ID #12266649
Front view of a three-story apartment building with balconies.View ListingMLS ID #12266649
Front view of a multi-story brick apartment building with large windows.View ListingMLS ID #12112149
Front view of a multi-story brick building with balconies.View ListingMLS ID #12266649
Front view of a brick apartment building with balconies.View ListingMLS ID #12266649

Amenities

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.

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevator
Central ACCentral AC
PoolPoolCheck Icon
Fitness CenterFitness Center
-
Visitors ParkingVisitors Parking

Building Policies

Oak Terrace Apartments welcomes you and your furry friends with pet-friendly policies allowing cats and dogs (restrictions apply). While there are limits on the number of pets and their sizes, you can still enjoy the companionship of your pets within the community.

Pet AllowedPets Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

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Oak Terrace Apartments Market Report (last 12 months)

Avg. List Price
$169,900 ($170/Sqft.)
Year-Over-Year List Price
Up Arrow 78.84%
Total Listings
Listings1
Avg. Days On Market
Calendar61
Avg. Sale Price
$158,000 ($158/Sqft.)
Year-Over-Year Sale Price
Up Arrow 69.89%
Total Sold
Sold1
Avg. HOA Fees/Sqft
$5 /monthly
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Living in 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.

Life at Oak Terrace Apartments:

Living in Oak Terrace Apartments means embracing a lifestyle filled with opportunities for relaxation and socializing. The warm sense of community fosters connections with your neighbors, whether you're around the pool or participating in local events. Plus, the friendly atmosphere creates a great place for first-time buyers to settle in and make lifelong friends.

  1. Home/
  2. Oak Forest, IL/
  3. Oak Terrace Apartments
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