HeaderIcon
  1. Agent Logo

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
HeaderIcon

Explore by Metro

  • Atlanta
  • Baltimore
  • Boston
  • Bronx
  • Brooklyn
  • Chicago
  • Los Angeles
  • Manhattan
  • Miami
  • Nashville
  • Orlando
  • Philadelphia
  • Phoenix
  • Queens
  • San Diego
  • San Jose
  • Tampa
  • Washington
leftArrowBack to Search
  1. Home
  2. /
  3. Oak Forest, IL
  4. /
  5. Oak Terrace Apartments
Add to favoritesAdd to favorites (hover)
Save
leftArrow
Add to favoritesAdd to favorites (hover)

Oak Terrace Apartments

15724 Terrace Drive, Oak Forest, IL, 60452 |Oak Terrace Apartments

YEAR BUILT

1973

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

750-850 sqft

Description

Oak Terrace Apartments lies at 15724 Terrace Drive in Oak Forest. The building stands at the corner of Terrace Drive, close to 183rd Street and Harlem Avenue. Being a low-rise structure, it has 3 stories and provides a neighborhood feel. The building offers easy access to local roads and the nearby Cal-Sag Channel. Constructed in 1973, the Oak Terrace Apartments comprises 8 units. Unit sizes range from 750 to 850 square feet, with various floor plans featuring 1 and 2 bedrooms. Prices for these units range from $100,000 to $115,000. The average closed price in the last year stands at $115,000, with the average price per square foot hitting $144. Residents enjoy several amenities, including a pool and a party room. These shared spaces provide opportunities for relaxation and social gatherings. The units come with essential living components and provide a practical living space. Each unit allows residents to design their homes according to their needs. Nearby restaurants add to the local flavor. Bella Flowers, La Finca Grill, and Jamaica Jerk Choice offer diverse dining options. Local grocery stores and shops support daily needs within a short drive. The community creates a vibrant backdrop against which daily life unfolds. On average, units spend about 45 days on the market. This aspect reflects the steady interest in the area. Oak Terrace Apartments merges comfort with accessibility, making it a solid choice for various lifestyles. Daily life here balances convenience and community spirit, suitable for individuals and families alike.

Building ImageMLS ID #11922809
Building ImageMLS ID #11978157
Building Image
Building ImageView Listing

Oak Terrace Apartments

15724 Terrace Drive, Oak Forest, IL, 60452

|Oak Terrace Apartments

YEAR BUILT

1973

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

750-850 sqft

Description

Oak Terrace Apartments lies at 15724 Terrace Drive in Oak Forest. The building stands at the corner of Terrace Drive, close to 183rd Street and Harlem Avenue. Being a low-rise structure, it has 3 stories and provides a neighborhood feel. The building offers easy access to local roads and the nearby Cal-Sag Channel. Constructed in 1973, the Oak Terrace Apartments comprises 8 units. Unit sizes range from 750 to 850 square feet, with various floor plans featuring 1 and 2 bedrooms. Prices for these units range from $100,000 to $115,000. The average closed price in the last year stands at $115,000, with the average price per square foot hitting $144. Residents enjoy several amenities, including a pool and a party room. These shared spaces provide opportunities for relaxation and social gatherings. The units come with essential living components and provide a practical living space. Each unit allows residents to design their homes according to their needs. Nearby restaurants add to the local flavor. Bella Flowers, La Finca Grill, and Jamaica Jerk Choice offer diverse dining options. Local grocery stores and shops support daily needs within a short drive. The community creates a vibrant backdrop against which daily life unfolds. On average, units spend about 45 days on the market. This aspect reflects the steady interest in the area. Oak Terrace Apartments merges comfort with accessibility, making it a solid choice for various lifestyles. Daily life here balances convenience and community spirit, suitable for individuals and families alike.

Next

Description

Oak Terrace Apartments lies at 15724 Terrace Drive in Oak Forest. The building stands at the corner of Terrace Drive, close to 183rd Street and Harlem Avenue. Being a low-rise structure, it has 3 stories and provides a neighborhood feel. The building offers easy access to local roads and the nearby Cal-Sag Channel. Constructed in 1973, the Oak Terrace Apartments comprises 8 units. Unit sizes range from 750 to 850 square feet, with various floor plans featuring 1 and 2 bedrooms. Prices for these units range from $100,000 to $115,000. The average closed price in the last year stands at $115,000, with the average price per square foot hitting $144. Residents enjoy several amenities, including a pool and a party room. These shared spaces provide opportunities for relaxation and social gatherings. The units come with essential living components and provide a practical living space. Each unit allows residents to design their homes according to their needs. Nearby restaurants add to the local flavor. Bella Flowers, La Finca Grill, and Jamaica Jerk Choice offer diverse dining options. Local grocery stores and shops support daily needs within a short drive. The community creates a vibrant backdrop against which daily life unfolds. On average, units spend about 45 days on the market. This aspect reflects the steady interest in the area. Oak Terrace Apartments merges comfort with accessibility, making it a solid choice for various lifestyles. Daily life here balances convenience and community spirit, suitable for individuals and families alike.

Oak Terrace Apartments Market Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price$115,000($144/Sqft.)
Year over year list price0.00%
Year over year sale priceUp Arrow 0.28%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market45 days
Average HOA fees per sqft$4 /monthly
Next

Market Stats

Year over year list price0.00%
Year over year sale priceUp Arrow0.28%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market45 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

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 1180011452024-03-25
MLS#: 11978157 		Closed$115,000
Unit 3370011492023-12-19
MLS#: 11920964 		Closed$79,950
Unit 0202-11352023-12-07
MLS#: 11922809 		Closed$100,000
Unit 02
02

1 Beds

1 Baths

0 sqft

DateStatusPrice
2023-12-07Closed$100,000
MLS#: 11922809
Days On Market35
Unit 1
1

1 Beds

1 Baths

800 sqft

DateStatusPrice
2024-03-25Closed$115,000
MLS#: 11978157
Days On Market45
Unit 3
3

1 Beds

1 Baths

700 sqft

DateStatusPrice
2023-12-19Closed$79,950
MLS#: 11920964
Days On Market49
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the highlights of Oak Terrace Apartments is the fantastic amenities. Imagine spending your summer days lounging by the pool or hosting a fabulous birthday bash in the spacious party room. These amenities add an extra layer of enjoyment to condo life, making it easy to host friends or unwind with family after a long week.

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

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Patio

Patio

Party Room

Party Room

Balcony

Balcony

Policies

Understanding building policies is crucial, especially for pet lovers. At Oak Terrace, both cats and dogs are welcomed - yay for furry friends! However, there are some number and size limits in place, which is common in condos, helping to maintain a comfortable and respectful environment for all 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$144/sqft.$4 /sqft.
15732 Terrace Dr$158/sqft.$5 /sqft.
Oak Terrace Apartments$158/sqft.$5 /sqft.
15712 Terrace Dr$168/sqft.$4 /sqft.
Oak Terrace Apartments$168/sqft.$4 /sqft.
Oak Terrace Apartments$127/sqft.$5 /sqft.

Nearby Schools

Discover top-rated schools located close to Oak Terrace Apartments.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.43 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.82 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.99 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|1.21 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|1.23 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|1.23 miles away
Next

Schools

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|1.21 Miles Away

St Damian School

--
Private|Grades PK–8
5300 155th St|1.23 Miles Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|1.23 Miles Away

Project Challenge

--
Public|Grades –
6020 151st St|1.26 Miles Away

Destiny Program

--
Public|Grades –
6020 151st St|1.26 Miles Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|1.26 Miles Away

Braun Educational Center

--
Public|Grades –
6020 151st St|1.26 Miles Away

Communication Development Program

--
Public|Grades –
6020 151st St|1.26 Miles Away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.45 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.57 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.86 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|2.01 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|2.55 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

159th St & Terrace Dr

0.26 miles away|6 min walk

159th St & Arroyo Dr

0.3 miles away|6 min walk

159th St & Peggy Ln

0.46 miles away|9 min walk

159th St & Rob Roy Dr

0.49 miles away|10 min walk

159th St & Central Ave

0.65 miles away|13 min walk

159th St & Ridgeland Ave

0.7 miles away|14 min walk
Next

Transit

159th St & Terrace Dr

0.26 miles away|6 min walk

159th St & Arroyo Dr

0.3 miles away|6 min walk

159th St & Peggy Ln

0.46 miles away|9 min walk

159th St & Rob Roy Dr

0.49 miles away|10 min walk

159th St & Central Ave

0.65 miles away|13 min walk

159th St & Ridgeland Ave

0.7 miles away|14 min walk

159th St & Debra Ave

0.94 miles away|19 min walk

159th St & Debra Dr

0.95 miles away|19 min walk

159th St & Lorel Ave

1.09 miles away|21 min walk

6701 159th St (Ingalls Family Care)

1.16 miles away|23 min walk

159th St & Laramie Ave

1.33 miles away|26 min walk

159th St & Oak Park Ave

1.42 miles away|28 min walk

159th St & Le Claire Ave

1.51 miles away|29 min walk

Centennial Dr & Oak Park Ave

1.54 miles away|30 min walk

16130 Oak Park Ave

1.58 miles away|31 min walk

16136 Oak Park Ave

1.59 miles away|31 min walk

Oak Park Ave & 163rd Pl

1.68 miles away|33 min walk

159th St & 71st Ct

1.78 miles away|35 min walk

Centennial Dr & Lexington Ct (W)

1.79 miles away|35 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.84 miles away|36 min walk

Oak Forest

1.89 miles away|37 min walk

Oak Park Ave & 165th Pl

1.9 miles away|37 min walk

159th St & Cicero Ave (Metra Station)

1.92 miles away|37 min walk

159th St & Harlem Ave

1.93 miles away|37 min walk

Harlem Ave & 157th St

1.98 miles away|38 min walk

Harlem Ave & 159th St

2 miles away|39 min walk

Cicero Ave & 157th St

2 miles away|39 min walk

15840 S Cicero Ave

2.02 miles away|39 min walk

Harlem Ave & Wheeler Dr

2.02 miles away|39 min walk

Oak Forest Metra (15801 Cicero Ave)

2.02 miles away|39 min walk

Cicero Ave & Waverly Ave

2.02 miles away|39 min walk

Cicero Ave & 159th St

2.03 miles away|39 min walk

Cicero Ave & 155th St

2.03 miles away|39 min walk

Centennial Dr & Brementowne Dr

2.05 miles away|40 min walk

Harlem Ave & 161st St

2.06 miles away|40 min walk

Oak Park Ave & 167th St

2.07 miles away|40 min walk

Centennial Dr & Brementowne Rd

2.08 miles away|40 min walk

Cicero Ave & 154th St

2.09 miles away|40 min walk

Harlem Ave & 153rd St

2.12 miles away|41 min walk

159th St & Park Center Dr

2.13 miles away|41 min walk

Cicero Ave & 153rd St

2.15 miles away|42 min walk

Cicero Ave & 152nd St

2.21 miles away|43 min walk

159th St & Forest Dr

2.27 miles away|44 min walk

159th St & Forest Dr (Oak Forest Hospital)

2.27 miles away|44 min walk

Cicero Ave & 151st St

2.29 miles away|44 min walk

159th St & Olcott Ave

2.31 miles away|45 min walk

Cicero Ave & 149th St

2.47 miles away|48 min walk

167th St & Cicero Ave

2.6 miles away|50 min walk

Cicero Ave & 147th St

2.64 miles away|51 min walk

159th St & 76th Ave

2.64 miles away|51 min walk

The Neighbourhood: Oak Terrace Apartments

Similar Buildings Nearby

Add to favoritesAdd to favorites (hover)
15724 Terrace Dr
15724 Terrace Dr, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Oak Terrace Apartments
15832 Terrace Drive, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
15832 S Terrace Dr
15832 S Terrace Dr, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Scarborough Fare
14505 Central Court, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
15724 Terrace Dr
15724 Terrace Dr, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
Oak Terrace Apartments
15832 Terrace Drive, Oak Forest, IL
Click to see listings
Add to favoritesAdd to favorites (hover)
15832 S Terrace Dr
15832 S Terrace Dr, Oak Forest, IL
Click to see listings
View All Similar Buildings

Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

19.18%

15–29 Years

16.88%

30–44 Years

19.97%

45–59 Years

21.97%

60+ Years

22%

Commute

3.91%

Transit

2.19%

Walk

86.54%

Drive

0%

Bike

Housing Ownership

77.59%

Owner Occupied

22.41%

Rental Units

Household Types

Single Family
26.07%
Multi Family
13.96%
Single Person
24.5%
Multi Person
75.5%

Average Income

Household:$8,972,535.27 /yr

Individual:$3,699,429.32 /yr

Education

Bachelors Degree19.74%
High School College28.37%
Diploma10.95%
Post Graduate8.67%
Others32.26%
Next

Education

Diploma10.95%
Post Graduate8.67%
Others32.26%
Get the HelloCondo Newsletter
Real-estate tips, insights, and market reports in your inbox.
Newsletter
  1. Home
  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
Nearby Cities
Homer Glen
Buildings
12720 S Carriage Ln
12721 Park Place
12721 S Park Place Ave
12750 S Carriage Ln
12751 Park Pl
12751 Park Place
12801 Carriage Ln
12809 Carriage Ln
12817 S Carriage Ln
12825 S Carriage Ln
12850 Crestbrook Ct
12900 Crestbrook Ct
13240 W Circle Drive Parkway
Carriage Hill
Carriage Lane
Crestbrook Court Condominiums
Park Place
Neighborhoods
EdgewaterEdison ParkEvergreen Terrace
Garfield RidgeGold CoastIndian CreekLake ViewLittle Italy / University VillageMcKinley ParkMedinahMidland Avenue WestMt. CarmelMt. ZionNew LenoxNorth LawndaleOld TownPortage ParkRiver BluffRiverdaleWesmere
ZIP Codes
600406004660062
6008560112601176015560165601956020360302604086042560511606076061060628606446065360657
Community
10400 Oakville Condominiums10739 South Pulaski Condominiums13330 - 13334 Moraine Drive Condominiums
15249 - 15255 Catalina Drive Condominiums15259-15263 Catalina Drive Condominiums4410 West 111th Street Condominiums7422 - 7428 West 153rd Street Condominiums7432-7438 West 153rd Street Condominiums7442-7448 West 153rd Street CondominiumsAcorn GlenAlpine HeightsAlsip Woods CondominiumsApple II CondominiumsApplegateArbor Glen of AlsipArbor Worth CondominiumsAshford Manor WestAustin View CondominiumsAvenel TownhomesAvondale Meadows
HelloCondo Logo
HelloCondo Logo
HelloCondo Is The #1 Condo Search Platform And Real Estate Recommendation Engine. Search, Find And Buy The Perfect Condo And Get Matched With The Best Agents. Finding A Condo Has Never Been So Easy.

HelloCondo is a division of HelloCasa, LLC

FacebookIconInstagramIconXIconRedditIcon

HelloCondo

Find A RealtorTerms of UsePrivacy PolicyCalifornia Privacy NoticeAccessibility PolicyCCPA Notice on CollectionDMCABrowseNYS Standard Operating ProcedureNYS Fair Housing Notice

Contact

LocationIcon
300 Galleria Pkwy SE, Suite 1500,
Atlanta, GA 30339
PhoneICon
(855) 625-0319
EmailIConhello@hellocondo.com
Contact Us

For Sale

Condos for saleTownhomes for sale
AgentIcon
LocationIcon

Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

PhoneICon847-668-3774
EmailIConpaul@illinoispropertysearch.com
© HelloCondo 2025. All Rights Reserved.