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

15712 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

# STORIES

3

# TOTAL UNITS

6

UNIT SIZE RANGE

900-1,000 sqft

Description

Oak Terrace Apartments sits at 15712 Terrace Drive in Oak Forest, IL near Terrace Drive and 157th Street. The property is a 3-story Condo low-rise with 6 units. The building faces a quiet block close to local streets and neighborhood sidewalks. Units include 1 and 2 bedrooms and range from 900 to 1,000 sq ft. Unit listing prices run $108,000 to $117,000. Floor plates stay compact so rooms fit within a modest footprint. Recent sales show an average closed price of $117,000 and an average price per sq ft of $168. Homes in the building typically spend 38 days on the market. Those figures reflect activity over the last 12 months. The building has a pool and a party room for resident use. Thorn Creek runs east of the property and provides a natural corridor nearby. Local dining and shops sit a short walk away, including Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. The small unit count keeps shared areas small and easy to maintain. Stairs serve the three floors and circulation stays straightforward. The combination of compact units and common rooms suits buyers looking for manageable layouts and a neighborhood setting.

Building ImageMLS ID #12283273
Building ImageMLS ID #11634259
Building Image
Building ImageView Listing

Oak Terrace Apartments

15712 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

# STORIES

3

# TOTAL UNITS

6

UNIT SIZE RANGE

900-1,000 sqft

Description

Oak Terrace Apartments sits at 15712 Terrace Drive in Oak Forest, IL near Terrace Drive and 157th Street. The property is a 3-story Condo low-rise with 6 units. The building faces a quiet block close to local streets and neighborhood sidewalks. Units include 1 and 2 bedrooms and range from 900 to 1,000 sq ft. Unit listing prices run $108,000 to $117,000. Floor plates stay compact so rooms fit within a modest footprint. Recent sales show an average closed price of $117,000 and an average price per sq ft of $168. Homes in the building typically spend 38 days on the market. Those figures reflect activity over the last 12 months. The building has a pool and a party room for resident use. Thorn Creek runs east of the property and provides a natural corridor nearby. Local dining and shops sit a short walk away, including Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. The small unit count keeps shared areas small and easy to maintain. Stairs serve the three floors and circulation stays straightforward. The combination of compact units and common rooms suits buyers looking for manageable layouts and a neighborhood setting.

Next

Description

Oak Terrace Apartments sits at 15712 Terrace Drive in Oak Forest, IL near Terrace Drive and 157th Street. The property is a 3-story Condo low-rise with 6 units. The building faces a quiet block close to local streets and neighborhood sidewalks. Units include 1 and 2 bedrooms and range from 900 to 1,000 sq ft. Unit listing prices run $108,000 to $117,000. Floor plates stay compact so rooms fit within a modest footprint. Recent sales show an average closed price of $117,000 and an average price per sq ft of $168. Homes in the building typically spend 38 days on the market. Those figures reflect activity over the last 12 months. The building has a pool and a party room for resident use. Thorn Creek runs east of the property and provides a natural corridor nearby. Local dining and shops sit a short walk away, including Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. The small unit count keeps shared areas small and easy to maintain. Stairs serve the three floors and circulation stays straightforward. The combination of compact units and common rooms suits buyers looking for manageable layouts and a neighborhood setting.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price$113,500($163/Sqft.)

Avg. Sale Price$117,000($168/Sqft.)
Year over year list price0.00%

Year over year sale price 0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market38 days

Average HOA fees per sqft$4 /monthly
Next

Key Stats

Year over year list price0.00%

Year over year sale price0.00%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market38 days

Average HOA fees per sqft$4 /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

Low
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 OAK2OAK270011382025-03-14
MLS#: 12283273
Closed$117,000
Unit RO1RO195021722022-12-01
MLS#: 11634259
Closed$108,000
Unit 3E3E-211072008-04-11
MLS#: 06757406
Closed$88,000
Unit 3E
3E

2 Beds

1 Baths

0 sqft


DateStatusPrice
2008-04-11Closed$88,000
MLS#: 06757406
Days On Market107
Unit OAK2
OAK2

1 Beds

1 Baths

700 sqft


DateStatusPrice
2025-03-14Closed$117,000
MLS#: 12283273
Days On Market38
Unit RO1
RO1

2 Beds

1 Baths

950 sqft


DateStatusPrice
2022-12-01Closed$108,000
MLS#: 11634259
Days On Market72
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the standout features of Oak Terrace Apartments is its fantastic amenities. Imagine summers spent by the pool, basking under the warm sun, or hosting friends and family in the inviting party room. These amenities are designed to bring residents together and foster a sense of community while providing opportunities to unwind and relax after a busy day.

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Amenities Description

One of the standout features of Oak Terrace Apartments is its fantastic amenities. Imagine summers spent by the pool, basking under the warm sun, or hosting friends and family in the inviting party room. These amenities are designed to bring residents together and foster a sense of community while providing opportunities to unwind and relax after a busy day.

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

Party Room

Party Room

Balcony

Balcony

Policies

Flexibility is key when considering a new home, and Oak Terrace Apartments accommodates a variety of lifestyles. The building allows pets, so you can bring along your furry companions. While there are limits on the number and size of pets, it’s comforting to know that both cats and dogs are welcome here. This policy contributes to a friendly and inclusive vibe among residents.

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Amenities Description

Flexibility is key when considering a new home, and Oak Terrace Apartments accommodates a variety of lifestyles. The building allows pets, so you can bring along your furry companions. While there are limits on the number and size of pets, it’s comforting to know that both cats and dogs are welcome here. This policy contributes to a friendly and inclusive vibe among residents.

Pet Allowed
Check
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$168/sqft.$4 /sqft.
15712 Terrace Dr$168/sqft.$4 /sqft.
Oak Terrace Apartments$127/sqft.$5 /sqft.
Oak Terrace Apartments$140/sqft.$5 /sqft.
15704 S Terrace Dr Dr$140/sqft.$5 /sqft.
Oak Terrace Apartments$144/sqft.$4 /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|0.57 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.73 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.87 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|0.9 miles away
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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

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 ...|1.18 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|1.47 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.94 Miles Away

Transit

Oak Terrace Apartments offers strong public transit access in , Oak Forest, with multiple transportation options located within a 2-mile radius. Nearby Bus, Rail allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

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

1.35 miles away|26 min walk

159th St & 76th Ave

1.99 miles away|39 min walk

159th St & Arroyo Dr

0.26 miles away|6 min walk

159th St & Central Ave

0.49 miles away|10 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Oak Terrace Apartments offers strong public transit access in , Oak Forest, with multiple transportation options located within a 2-mile radius. Nearby Bus, Rail allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

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

1.35 miles away|26 min walk

159th St & 76th Ave

1.99 miles away|39 min walk

159th St & Arroyo Dr

0.26 miles away|6 min walk

159th St & Central Ave

0.49 miles away|10 min walk

159th St & Cicero Ave (Metra Station)

1.44 miles away|28 min walk

159th St & Debra Ave

0.71 miles away|14 min walk

159th St & Debra Dr

0.72 miles away|14 min walk

159th St & Forest Dr

1.7 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.7 miles away|33 min walk

159th St & Harlem Ave

1.45 miles away|28 min walk

159th St & Laramie Ave

1 miles away|20 min walk

159th St & Le Claire Ave

1.13 miles away|22 min walk

159th St & Lorel Ave

0.82 miles away|16 min walk

159th St & Oak Park Ave

1.08 miles away|21 min walk

159th St & Olcott Ave

1.74 miles away|34 min walk

159th St & Park Center Dr

1.61 miles away|31 min walk

159th St & Peggy Ln

0.36 miles away|7 min walk

159th St & Ridgeland Ave

0.54 miles away|11 min walk

159th St & Rob Roy Dr

0.4 miles away|8 min walk

159th St & Terrace Dr

0.23 miles away|5 min walk

16130 Oak Park Ave

1.21 miles away|24 min walk

16136 Oak Park Ave

1.21 miles away|24 min walk

167th St & Cicero Ave

1.97 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

1.58 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

1.94 miles away|38 min walk

Cicero Ave & 149th St

1.82 miles away|35 min walk

Cicero Ave & 151st St

1.69 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

1.49 miles away|29 min walk

Cicero Ave & 159th St

1.52 miles away|30 min walk

Cicero Ave & Waverly Ave

1.5 miles away|29 min walk

Harlem Ave & 153rd St

1.58 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

1.51 miles away|29 min walk

Oak Forest

1.41 miles away|28 min walk

Oak Forest Metra (15801 Cicero Ave)

1.51 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.29 miles away|25 min walk

Oak Park Ave & 165th Pl

1.46 miles away|28 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 19.2% are children aged 0–14, 16.91% are young adults between 15–29, 19.89% are adults aged 30–44, 22.01% are in the 45–59 range and 21.98% are seniors aged 60 and above. Commuting options are also varying where 86.36% of residents relying on driving, while others prefer public transit around 3.99%, walking around 2.19%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 77.85% of units owner occupied and 22.15% are rented. The neighborhood offers different household types. About 26.18% are single family homes and 14.02% are multi family units. Around 24.25% are single-person households, while 75.75% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.76% of residents have bachelor’s degrees. Around 28.3% have high school or college education. Another 10.96% hold diplomas while 8.73% have completed postgraduate studies. The remaining are 32.25% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 19.2% are children aged 0–14, 16.91% are young adults between 15–29, 19.89% are adults aged 30–44, 22.01% are in the 45–59 range and 21.98% are seniors aged 60 and above. Commuting options are also varying where 86.36% of residents relying on driving, while others prefer public transit around 3.99%, walking around 2.19%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 77.85% of units owner occupied and 22.15% are rented. The neighborhood offers different household types. About 26.18% are single family homes and 14.02% are multi family units. Around 24.25% are single-person households, while 75.75% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.76% of residents have bachelor’s degrees. Around 28.3% have high school or college education. Another 10.96% hold diplomas while 8.73% have completed postgraduate studies. The remaining are 32.25% with other types of qualifications.

Age Demographics

0–14 Years

19.2%

15–29 Years

16.91%

30–44 Years

19.89%

45–59 Years

22.01%

60+ Years

21.98%

Commute

3.99%

Transit

2.19%

Walk

86.36%

Drive

0%

Bike

Housing Ownership

77.85%

Owner Occupied

22.15%

Rental Units

Household Types

Single Family
26.18%
Multi Family
14.02%
Single Person
24.25%
Multi Person
75.75%

Average Income

Household:$9,002,999.12 /yr

Individual:$3,690,479.17 /yr

Education

Bachelors Degree19.76%
High School College28.3%
Diploma10.96%
Post Graduate8.73%
Others32.25%
Next

Education

Diploma10.96%
Post Graduate8.73%
Others32.25%
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  1. Home
  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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Oak Terrace Apartments
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