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  3. Oak Forest, IL
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  5. Oak Terrace Apartments
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Oak Terrace Apartments

15700 S Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

# STORIES

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15700 S Terrace Drive in Oak Forest, near the intersection of West 159th Street and South Central Avenue. This location offers accessibility to local roads and nearby amenities. The building enjoys proximity to the Calumet River, adding to the area's charm. This condominium building contains 7 units, with sizes ranging from 950 to 1,050 square feet. The floor plans include both 1 and 2 bedrooms, providing options for different needs. Each unit presents a practical layout for daily living. Unit prices range from $133,000 to $134,000. This range reflects the market demand and offers a chance for various buyers. The average price per square foot provides a good perspective on investment. The building sees a competitive market, which can shorten days on market. Residents enjoy shared amenities like a park, pool, bike room, and party room. These facilities enhance the living experience and create opportunities for enjoyment and relaxation. The park nearby encourages outdoor activities. Dining options surround the building, with places like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a rich variety of dining experiences just a short distance away. The location combines a relaxed atmosphere with access to culinary delights. Oak Terrace Apartments fits neatly into the neighborhood, offering a blend of comfort and convenience. The friendly community vibe creates an inviting environment for residents. Overall, this property presents a solid option for those looking to move into Oak Forest.

Building ImageMLS ID #09953240
Building ImageMLS ID #07654051
Building ImageView Listing

Oak Terrace Apartments

15700 S Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

# STORIES

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15700 S Terrace Drive in Oak Forest, near the intersection of West 159th Street and South Central Avenue. This location offers accessibility to local roads and nearby amenities. The building enjoys proximity to the Calumet River, adding to the area's charm. This condominium building contains 7 units, with sizes ranging from 950 to 1,050 square feet. The floor plans include both 1 and 2 bedrooms, providing options for different needs. Each unit presents a practical layout for daily living. Unit prices range from $133,000 to $134,000. This range reflects the market demand and offers a chance for various buyers. The average price per square foot provides a good perspective on investment. The building sees a competitive market, which can shorten days on market. Residents enjoy shared amenities like a park, pool, bike room, and party room. These facilities enhance the living experience and create opportunities for enjoyment and relaxation. The park nearby encourages outdoor activities. Dining options surround the building, with places like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a rich variety of dining experiences just a short distance away. The location combines a relaxed atmosphere with access to culinary delights. Oak Terrace Apartments fits neatly into the neighborhood, offering a blend of comfort and convenience. The friendly community vibe creates an inviting environment for residents. Overall, this property presents a solid option for those looking to move into Oak Forest.

Next

Description

Oak Terrace Apartments sits at 15700 S Terrace Drive in Oak Forest, near the intersection of West 159th Street and South Central Avenue. This location offers accessibility to local roads and nearby amenities. The building enjoys proximity to the Calumet River, adding to the area's charm. This condominium building contains 7 units, with sizes ranging from 950 to 1,050 square feet. The floor plans include both 1 and 2 bedrooms, providing options for different needs. Each unit presents a practical layout for daily living. Unit prices range from $133,000 to $134,000. This range reflects the market demand and offers a chance for various buyers. The average price per square foot provides a good perspective on investment. The building sees a competitive market, which can shorten days on market. Residents enjoy shared amenities like a park, pool, bike room, and party room. These facilities enhance the living experience and create opportunities for enjoyment and relaxation. The park nearby encourages outdoor activities. Dining options surround the building, with places like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a rich variety of dining experiences just a short distance away. The location combines a relaxed atmosphere with access to culinary delights. Oak Terrace Apartments fits neatly into the neighborhood, offering a blend of comfort and convenience. The friendly community vibe creates an inviting environment for residents. Overall, this property presents a solid option for those looking to move into Oak Forest.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price-
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-
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Key Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Medium
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Oak Terrace Apartments Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit R3R3100021492022-12-07
MLS#: 11656062 		Closed$134,000
Unit R3R3-211252008-03-17
MLS#: 06729982 		Closed$133,000
Unit R02R02-21492007-06-04
MLS#: 06478379 		Closed$133,000
Unit R02
R02

2 Beds

1 Baths

0 sqft

DateStatusPrice
2007-06-04Closed$133,000
MLS#: 06478379
Days On Market49
Unit R3
R3

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2022-12-07Closed$134,000
MLS#: 11656062
Days On Market49
Unit R3
R3

2 Beds

1 Baths

0 sqft

DateStatusPrice
2008-03-17Closed$133,000
MLS#: 06729982
Days On Market125
View Complete Unit Listing HistorySource By: MRED

Amenities

Life at Oak Terrace comes with perks! When you step outside your door, you’ll find a delightful array of amenities designed to enrich your lifestyle. Picture yourself lounging by the sparkling pool on a sunny day or hosting gatherings in the well-appointed party room. Are you a cycling enthusiast? Take advantage of the bike room and nearby trails to explore the beautiful surroundings at your pace. Plus, there’s a park nearby, perfectly situated for afternoon picnics or leisurely walks. It's the little details that elevate your living experience here.

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Amenities Description

Life at Oak Terrace comes with perks! When you step outside your door, you’ll find a delightful array of amenities designed to enrich your lifestyle. Picture yourself lounging by the sparkling pool on a sunny day or hosting gatherings in the well-appointed party room. Are you a cycling enthusiast? Take advantage of the bike room and nearby trails to explore the beautiful surroundings at your pace. Plus, there’s a park nearby, perfectly situated for afternoon picnics or leisurely walks. It's the little details that elevate your living experience here.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Pool

Pool

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

One of the great aspects of Oak Terrace Apartments is its straightforward building policies. You can enjoy a laid-back lifestyle without excessive restrictions, allowing you to truly make your condo feel like home.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Oak Terrace Apartments--
Oak Terrace Apartments$168/sqft.$4 /sqft.
Oak Terrace Apartments$140/sqft.$5 /sqft.
15704 S Terrace Dr Dr$140/sqft.$5 /sqft.
15712 Terrace Dr$168/sqft.$4 /sqft.
Oak Terrace Apartments$127/sqft.$5 /sqft.

Nearby Schools

Oak Terrace Apartments is situated close to local schools in , Oak Forest. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.3 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.56 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.72 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.86 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.87 miles away

Destiny Program

--
Public|Grades –
6020 151st St|0.88 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Oak Terrace Apartments is situated close to local schools in , Oak Forest. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|Less than 1 Mile Away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|Less than 1 Mile Away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|Less than 1 Mile Away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|Less than 1 Mile Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|Less than 1 Mile Away

Destiny Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Braun Educational Center

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Project Challenge

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Communication Development Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

St Damian School

--
Private|Grades PK–8
5300 155th St|Less than 1 Mile Away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.13 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.18 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.35 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.46 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.95 Miles Away

Transit

Located in a transit-friendly area of Oak Forest, Oak Terrace Apartments provides easy access to nearby public transportation. Within a 2-mile radius, Bus, Rail support smooth and efficient travel. Reliable transit connectivity improves commuting experiences. This location promotes accessibility and urban convenience.

147th St & Cicero Ave

1.99 miles away|39 min walk

15840 S Cicero Ave

1.51 miles away|29 min walk

159th St & 71st Ct

1.34 miles away|26 min walk

159th St & 76th Ave

1.98 miles away|38 min walk

159th St & Arroyo Dr

0.27 miles away|6 min walk

159th St & Central Ave

0.5 miles away|10 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Located in a transit-friendly area of Oak Forest, Oak Terrace Apartments provides easy access to nearby public transportation. Within a 2-mile radius, Bus, Rail support smooth and efficient travel. Reliable transit connectivity improves commuting experiences. This location promotes accessibility and urban convenience.

147th St & Cicero Ave

1.99 miles away|39 min walk

15840 S Cicero Ave

1.51 miles away|29 min walk

159th St & 71st Ct

1.34 miles away|26 min walk

159th St & 76th Ave

1.98 miles away|38 min walk

159th St & Arroyo Dr

0.27 miles away|6 min walk

159th St & Central Ave

0.5 miles away|10 min walk

159th St & Cicero Ave (Metra Station)

1.45 miles away|28 min walk

159th St & Debra Ave

0.72 miles away|14 min walk

159th St & Debra Dr

0.73 miles away|14 min walk

159th St & Forest Dr

1.7 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.71 miles away|33 min walk

159th St & Harlem Ave

1.45 miles away|28 min walk

159th St & Laramie Ave

1.01 miles away|20 min walk

159th St & Le Claire Ave

1.14 miles away|22 min walk

159th St & Lorel Ave

0.83 miles away|16 min walk

159th St & Oak Park Ave

1.07 miles away|21 min walk

159th St & Olcott Ave

1.74 miles away|34 min walk

159th St & Park Center Dr

1.6 miles away|31 min walk

159th St & Peggy Ln

0.37 miles away|8 min walk

159th St & Ridgeland Ave

0.55 miles away|11 min walk

159th St & Rob Roy Dr

0.4 miles away|8 min walk

159th St & Terrace Dr

0.25 miles away|5 min walk

16130 Oak Park Ave

1.21 miles away|24 min walk

16136 Oak Park Ave

1.22 miles away|24 min walk

167th St & Cicero Ave

1.98 miles away|38 min walk

6701 159th St (Ingalls Family Care)

0.88 miles away|17 min walk

Centennial Dr & Brementowne Dr

1.56 miles away|30 min walk

Centennial Dr & Brementowne Rd

1.59 miles away|31 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.4 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.36 miles away|27 min walk

Centennial Dr & Oak Park Ave

1.18 miles away|23 min walk

Cicero Ave & 147th St

1.93 miles away|38 min walk

Cicero Ave & 149th St

1.81 miles away|35 min walk

Cicero Ave & 151st St

1.68 miles away|33 min walk

Cicero Ave & 152nd St

1.63 miles away|32 min walk

Cicero Ave & 153rd St

1.59 miles away|31 min walk

Cicero Ave & 154th St

1.55 miles away|30 min walk

Cicero Ave & 155th St

1.51 miles away|29 min walk

Cicero Ave & 157th St

1.5 miles away|29 min walk

Cicero Ave & 159th St

1.53 miles away|30 min walk

Cicero Ave & Waverly Ave

1.51 miles away|29 min walk

Harlem Ave & 153rd St

1.57 miles away|31 min walk

Harlem Ave & 157th St

1.48 miles away|29 min walk

Harlem Ave & 159th St

1.51 miles away|29 min walk

Harlem Ave & 161st St

1.56 miles away|30 min walk

Harlem Ave & Wheeler Dr

1.5 miles away|29 min walk

Oak Forest

1.42 miles away|28 min walk

Oak Forest Metra (15801 Cicero Ave)

1.52 miles away|30 min walk

Oak Park Ave & 163rd Pl

1.29 miles away|25 min walk

Oak Park Ave & 165th Pl

1.46 miles away|29 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

19.22%

15–29 Years

16.92%

30–44 Years

19.88%

45–59 Years

22.01%

60+ Years

21.98%

Commute

4%

Transit

2.2%

Walk

86.3%

Drive

0%

Bike

Housing Ownership

77.92%

Owner Occupied

22.08%

Rental Units

Household Types

Single Family
26.22%
Multi Family
14.05%
Single Person
24.18%
Multi Person
75.82%

Average Income

Household:$9,013,026.01 /yr

Individual:$3,687,293.1 /yr

Education

Bachelors Degree19.77%
High School College28.28%
Diploma10.96%
Post Graduate8.75%
Others32.24%
Next

Education

Diploma10.96%
Post Graduate8.75%
Others32.24%
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  1. Home
  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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Alsip
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15820 Terrace Dr
15830 S Terrace Dr
Oak Terrace Apartments
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