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Oak Terrace Apartments

15708 Terrace Drive, Oak Forest, IL, 60452

Oak Terrace ApartmentsCommunity

0 Units for Sale

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

View Listing

MLS ID #11939667

View Listing MLS ID #11939667

Front view of a brick apartment building with multiple floors.

View Listing MLS ID #11869284

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

View Listing MLS ID #11939667

Year Built

1974

# Stories

# Total Units

Unit Size Range

1,050-1,150 sqft

Unit Demand

Medium

Unit Availability

Low

About Oak Terrace Apartments

Oak Terrace Apartments, located at 15708 Terrace Drive, Oak Forest, IL, is a three-story residential complex built in 1974. This quaint building is not situated on a waterfront, ensuring a peaceful and private living environment. The apartments consist of a variety of 1, 2, and 3-bedroom units, providing comfortable living spaces for families, singles, and retirees alike. The robust construction features durable brick exteriors and shingle roofing, ensuring low maintenance and longevity. Oak Terrace Apartments offers residents practical amenities for daily convenience and leisure. It includes a community laundry facility, ample parking spaces, and secure entry systems for resident safety. Essential services and public transportation options are readily accessible from this location, ensuring connectivity and ease of commute. The surrounding area is characterized by lush green spaces and established neighborhoods, providing a serene backdrop to this cozy community. With parks and recreational facilities closely situated, residents have access to outdoor activities and leisure pursuits. Nearby, shopping centers, dining options, and essential services meet daily needs, making Oak Terrace Apartments a well-rounded residential choice.

View Listing

MLS ID #11939667

View Listing MLS ID #11939667

View Listing MLS ID #11869284

View Listing MLS ID #11939667

Amenities

What could be better than coming home to a community that truly has it all? Oak Terrace boasts amazing amenities that cater to all lifestyles. Whether you enjoy a refreshing dip in the swimming pool on a hot summer day or prefer a leisurely afternoon on the sundeck, there’s something here for everyone. Tennis enthusiasts can put their skills to the test on the court or unwind with friends in the party room. Plus, there’s a relaxing spa and hot tub to melt away any stress. The surrounding park enhances the outdoor living experience, making it perfect for picnics, strolls, or just enjoying nature!

Parking

Locker

Concierge

Elevator

Central AC

Pool

Fitness Center

Visitors Parking

Building Policies

Oak Terrace Apartments welcomes both cats and dogs! Many first-time buyers often worry about pet restrictions, but you can breathe easy knowing your furry friends are welcome here. So whether you’re a cat person or have a beloved pup, this community embraces animal lovers.

Pets Allowed

Short-term Rental Allowed

BBQ Permitted

Sublet Allowed

Oak Terrace Apartments Market Report (last 12 months)

Avg. List Price

$105,000 ($132/Sqft.)

Year-Over-Year List Price

0.13%

Total Listings

Avg. Days On Market

108

Avg. Sale Price

$120,000 ($127/Sqft.)

Year-Over-Year Sale Price

0 0.00%

Total Sold

Avg. HOA Fees/Sqft

$5 /monthly

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Living in Oak Terrace Apartments

Condo Living at Oak Terrace Apartments, located at 15708 TERRACE DRIVE,OAK FOREST,IL:

If you’re a first-time buyer looking for an inviting community, look no further than Oak Terrace Apartments. Nestled in the heart of Oak Forest, this charming three-story building, constructed in 1974, features a cozy selection of homes just waiting for you to make your own. With a total of only seven units, you can expect a tight-knit community vibe that enhances the appeal of condo living. The sizes of the available condos range from 1,050 to 1,150 square feet—the perfect size for a place to call your own.

Building Features and Unit Availability:

The demand for Oak Terrace Apartments is holding steady, although availability is currently low, making it a sought-after location for young professionals and new homeowners alike. Priced at an average of $120,000, these condos offer a price per square foot of $127, making them fairly comparable to other options in the area. With an average of 108 days on the market, you'll want to act quickly if you're ready to settle down in this delightful community!

Life at Oak Terrace Apartments:

Living in Oak Terrace means embracing a vibrant lifestyle. The community is perfect for first-time buyers who appreciate a blend of tranquility and convenience. With a lovely mix of local services and shopping right around the corner—including a helpful personal services company just 0.04 miles away—everything you need is easily within reach. Enjoying life here is all about balance and ease, making it a great choice for young buyers getting their start.

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