Oak Terrace Apartments

About Oak Terrace Apartments

Oak Terrace Apartments sits at 15832 Terrace Drive in Oak Forest. The building is a 3-story low-rise condo with 7 units. The structure was built in 1975. The design keeps a human scale and places most living space above ground level for light and air. The property sits near the corner of 159th Street and Central Avenue. Thorn Creek runs close to the site. The setting gives some units waterfront views and a sense of green space. Major roads nearby link the block to surrounding neighborhoods and regional routes. Units have 1, 2, and 3 bedrooms and range from 1,450 to 1,550 sq ft. Recently listed prices ran from $144,000 to $160,000. The size range matches the price band and suits various household needs. Floor plans include room counts that fit single people and families. Sales in the past 12 months show a lowest sale near $113,000 and an average closed price of $136,500. The price per square foot averages $156 based on sold listings over the past year. Homes typically spend 54 days on the market before closing. This pace gives an idea of local demand and turnover. Amenities include trails, tennis courts, a pool, a clubhouse, and a party room. Nearby dining and shopping options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. The site supports outdoor activity and neighborhood meals within a short drive or walk. Parking and other services sit on the same block and serve residents.