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

15708 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1974

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,050-1,150 sqft

Description

Oak Terrace Apartments sits at 15708 Terrace Drive in Oak Forest. This low-rise building has 3 stories and consists of 7 condo units. Built in 1974, the structure features a simple design that fits well within the surrounding neighborhood. It offers a range of unit sizes from 1,050 to 1,150 square feet. Residents can choose from 1-bedroom and 2-bedroom layouts. Recent unit prices fall between $120,000 and $140,000. The average closed price for the building is around $120,000, which results in an average of $127 per square foot. Units typically stay on the market for about 108 days. The building includes several amenities for relaxation and recreation. A swimming pool, tennis courts, and a party room provide options for leisure activities. An inviting sundeck is perfect for enjoying sunny days. There is also access to a park and a spa or hot tub for additional enjoyment. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a variety of cuisine just a short drive away. The area is also near important roads like West 159th Street and South Cicero Avenue for quick commuting. The nearest water body, the Calumet Sag Channel, adds to the community's charm. This well-connected location balances residential life with local dining and recreational options. Oak Terrace Apartments brings together practical living and enjoyable amenities in one convenient place.

Building ImageMLS ID #11939667
Building ImageMLS ID #11869284
Building Image
Building ImageView Listing

Oak Terrace Apartments

15708 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1974

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,050-1,150 sqft

Description

Oak Terrace Apartments sits at 15708 Terrace Drive in Oak Forest. This low-rise building has 3 stories and consists of 7 condo units. Built in 1974, the structure features a simple design that fits well within the surrounding neighborhood. It offers a range of unit sizes from 1,050 to 1,150 square feet. Residents can choose from 1-bedroom and 2-bedroom layouts. Recent unit prices fall between $120,000 and $140,000. The average closed price for the building is around $120,000, which results in an average of $127 per square foot. Units typically stay on the market for about 108 days. The building includes several amenities for relaxation and recreation. A swimming pool, tennis courts, and a party room provide options for leisure activities. An inviting sundeck is perfect for enjoying sunny days. There is also access to a park and a spa or hot tub for additional enjoyment. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a variety of cuisine just a short drive away. The area is also near important roads like West 159th Street and South Cicero Avenue for quick commuting. The nearest water body, the Calumet Sag Channel, adds to the community's charm. This well-connected location balances residential life with local dining and recreational options. Oak Terrace Apartments brings together practical living and enjoyable amenities in one convenient place.

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Description

Oak Terrace Apartments sits at 15708 Terrace Drive in Oak Forest. This low-rise building has 3 stories and consists of 7 condo units. Built in 1974, the structure features a simple design that fits well within the surrounding neighborhood. It offers a range of unit sizes from 1,050 to 1,150 square feet. Residents can choose from 1-bedroom and 2-bedroom layouts. Recent unit prices fall between $120,000 and $140,000. The average closed price for the building is around $120,000, which results in an average of $127 per square foot. Units typically stay on the market for about 108 days. The building includes several amenities for relaxation and recreation. A swimming pool, tennis courts, and a party room provide options for leisure activities. An inviting sundeck is perfect for enjoying sunny days. There is also access to a park and a spa or hot tub for additional enjoyment. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants offer a variety of cuisine just a short drive away. The area is also near important roads like West 159th Street and South Cicero Avenue for quick commuting. The nearest water body, the Calumet Sag Channel, adds to the community's charm. This well-connected location balances residential life with local dining and recreational options. Oak Terrace Apartments brings together practical living and enjoyable amenities in one convenient place.

Oak Terrace Apartments Market Stats Last 12 months

Avg. Listed Price$105,000($132/Sqft.)
Avg. Sale Price$120,000($127/Sqft.)
Year over year list priceDown Arrow0.13%
Year over year sale price0 0.00%
Total Listings1 Listed
Total sold2 Sold
Average Days on Market108 days
Average HOA fees per sqft$5 /monthly
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Market Stats

Year over year list priceDown Arrow0.13%
Year over year sale price00.00%
Total Listings1 Listed
Total sold2 Sold
Average Days on Market108 days
Average HOA fees per sqft$5 /monthly

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 10310380011902024-02-29
MLS#: 11939667 		Closed$100,000
Unit R1R11100211222024-02-14
MLS#: 11869284 		Closed$140,000
Unit RO2RO2110021202023-05-23
MLS#: 11773439 		Closed$120,000
Unit 103
103

1 Beds

1 Baths

800 sqft

DateStatusPrice
2024-02-29Closed$100,000
MLS#: 11939667
Days On Market90
Unit R1
R1

2 Beds

1 Baths

1100 sqft

DateStatusPrice
2024-02-14Closed$140,000
MLS#: 11869284
Days On Market122
Unit RO2
RO2

2 Beds

1 Baths

1100 sqft

DateStatusPrice
2023-05-23Closed$120,000
MLS#: 11773439
Days On Market20
View Complete Unit Listing HistorySource By: MRED

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!

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Amenities Description

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
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
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Amenities

Pool

Pool

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Tennis Court(s)

Tennis Court(s)

Sundeck

Sundeck

Patio

Patio

Spa/Hot Tub

Spa/Hot Tub

Party Room

Party Room

Balcony

Balcony

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.

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$127/sqft.$5 /sqft.
Oak Terrace Apartments$168/sqft.$4 /sqft.
15712 Terrace Dr$168/sqft.$4 /sqft.
15704 S Terrace Dr Dr$140/sqft.$5 /sqft.
Oak Terrace Apartments$140/sqft.$5 /sqft.
Oak Terrace Apartments$144/sqft.$4 /sqft.

Nearby Schools

Oak Terrace Apartments is located near 16+ schools throughout Oak Forest. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.29 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.57 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.74 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|0.88 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|0.89 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Oak Terrace Apartments is located near 16+ schools throughout Oak Forest. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

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

St Damian School

--
Private|Grades PK–8
5300 155th 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

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.12 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.19 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 , Oak Terrace Apartments is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Oak Forest. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

147th St & Cicero Ave

1.99 miles away|39 min walk

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|26 min walk

159th St & 76th Ave

2 miles away|39 min walk

159th St & Arroyo Dr

0.27 miles away|6 min walk

159th St & Central Ave

0.48 miles away|10 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Located in , Oak Terrace Apartments is surrounded by 50+ public transit options within 2 miles. Residents enjoy easy access to well-connected transit routes serving key areas of Oak Forest. Reliable public transportation simplifies commuting and enhances everyday mobility. This accessible setting promotes a connected and efficient urban lifestyle.

147th St & Cicero Ave

1.99 miles away|39 min walk

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|26 min walk

159th St & 76th Ave

2 miles away|39 min walk

159th St & Arroyo Dr

0.27 miles away|6 min walk

159th St & Central Ave

0.48 miles away|10 min walk

159th St & Cicero Ave (Metra Station)

1.43 miles away|28 min walk

159th St & Debra Ave

0.7 miles away|14 min walk

159th St & Debra Dr

0.71 miles away|14 min walk

159th St & Forest Dr

1.69 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.69 miles away|33 min walk

159th St & Harlem Ave

1.46 miles away|29 min walk

159th St & Laramie Ave

0.99 miles away|19 min walk

159th St & Le Claire Ave

1.12 miles away|22 min walk

159th St & Lorel Ave

0.81 miles away|16 min walk

159th St & Oak Park Ave

1.09 miles away|21 min walk

159th St & Olcott Ave

1.75 miles away|34 min walk

159th St & Park Center Dr

1.62 miles away|31 min walk

159th St & Peggy Ln

0.35 miles away|7 min walk

159th St & Ridgeland Ave

0.55 miles away|11 min walk

159th St & Rob Roy Dr

0.41 miles away|8 min walk

159th St & Terrace Dr

0.23 miles away|5 min walk

16130 Oak Park Ave

1.22 miles away|24 min walk

16136 Oak Park Ave

1.22 miles away|24 min walk

167th St & Cicero Ave

1.96 miles away|38 min walk

6701 159th St (Ingalls Family Care)

0.89 miles away|18 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)

1.41 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.37 miles away|27 min walk

Centennial Dr & Oak Park Ave

1.19 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

1.62 miles away|32 min walk

Cicero Ave & 153rd St

1.58 miles away|31 min walk

Cicero Ave & 154th St

1.54 miles away|30 min walk

Cicero Ave & 155th St

1.5 miles away|29 min walk

Cicero Ave & 157th St

1.48 miles away|29 min walk

Cicero Ave & 159th St

1.51 miles away|29 min walk

Cicero Ave & Waverly Ave

1.49 miles away|29 min walk

Harlem Ave & 153rd St

1.59 miles away|31 min walk

Harlem Ave & 157th St

1.49 miles away|29 min walk

Harlem Ave & 159th St

1.52 miles away|30 min walk

Harlem Ave & 161st St

1.57 miles away|31 min walk

Harlem Ave & Wheeler Dr

1.52 miles away|30 min walk

Oak Forest

1.4 miles away|27 min walk

Oak Forest Metra (15801 Cicero Ave)

1.5 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.3 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

19.18%

15–29 Years

16.93%

30–44 Years

19.88%

45–59 Years

22.03%

60+ Years

21.98%

Commute

4%

Transit

2.18%

Walk

86.37%

Drive

0%

Bike

Housing Ownership

77.85%

Owner Occupied

22.15%

Rental Units

Household Types

Single Family
26.18%
Multi Family
14.01%
Single Person
24.25%
Multi Person
75.75%

Average Income

Household:$9,001,884.33 /yr

Individual:$3,691,105.99 /yr

Education

Bachelors Degree19.76%
High School College28.3%
Diploma10.95%
Post Graduate8.73%
Others32.25%
Next

Education

Diploma10.95%
Post Graduate8.73%
Others32.25%
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  2. /Oak Forest, IL
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    Oak Terrace Apartments
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Thornton
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