Year Built
1976
# Stories
3
# Total Units
8
Unit Size Range
950-1,050 sqft
Unit Demand
Low
Unit Availability
Low
About Oak Terrace Apartments
Located at 15732 Terrace Drive, Oak Forest, IL, Oak Terrace Apartments is a charming residential complex built in 1976. The building comprises three stories, offering a selection of thoughtfully designed 1 and 2-bedroom apartments. Emphasizing functionality and comfort, each unit provides generous living spaces and ample natural light, fostering a welcoming environment for residents. The construction emphasizes durability and practicality, evident in its brick facade and classic architectural design. Oak Terrace Apartments features numerous amenities to enhance the living experience, including a well-maintained communal laundry room and on-site parking. Although it is not a waterfront property, it offers easy access to nearby parks and recreational areas, allowing residents to enjoy leisurely outdoor activities. Situated in an accessible location, the building is conveniently close to local shops, dining establishments, and essential services, contributing to its appeal for those seeking a balanced and tranquil lifestyle. The neighborhood boasts a peaceful residential setting, while still being well-connected to the broader urban area, ensuring that Oak Terrace Apartments remains an attractive choice for tenants seeking urban comfort.
Amenities
One of the standout features of Oak Terrace Apartments is the range of amenities that make urban living feel more like a resort. How about a tennis match or a refreshing dip in the pool on a warm summer day? The community also boasts a sundeck for sunbathing and a clubhouse and party room perfect for social gatherings and celebrations. Whether you want to relax with friends or take some time for self-care, these amenities have you covered.
Parking
Locker
Concierge
Elevator
Central AC
Pool
Fitness Center
Visitors ParkingBuilding Policies
Oak Terrace Apartments welcomes you and your furry friends with pet-friendly policies allowing cats and dogs (restrictions apply). While there are limits on the number of pets and their sizes, you can still enjoy the companionship of your pets within the community.
Pets Allowed
Short-term Rental Allowed
BBQ Permitted
Sublet AllowedLoading...
Oak Terrace Apartments Market Report (last 12 months)
78.84%
1
61 69.89%
1Oak Terrace Apartments Sales History
| Unit | Size (sqft) | Beds | Baths | Days On Market | Date | Status | Price | |
|---|---|---|---|---|---|---|---|---|
 | R02 | 1000 | 2 | 1 | 61 | 2025-03-10 MLS#: 12266649 | Closed | $158,000 |
 | R01 | 900 | 2 | 1 | 112 | 2023-01-31 MLS#: 11649745 | Closed | $123,500 |
 | 3W | - | 2 | 1 | 192 | 2009-11-13 MLS#: 07207588 | Closed | $109,000 |
2 Beds
1 Baths
0 sqft
| Date | Status | Price |
|---|---|---|
| 2009-11-13 | Closed | $109,000 |
2 Beds
1 Baths
900 sqft
| Date | Status | Price |
|---|---|---|
| 2023-01-31 | Closed | $123,500 |
2 Beds
1 Baths
1000 sqft
| Date | Status | Price |
|---|---|---|
| 2025-03-10 | Closed | $158,000 |
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 Name | Avg price per square foot | AVG HOA FEE per square foot (Monthly) |
|---|---|---|
| Oak Terrace Apartments | $158/sqft. | $5 /sqft. |
| 15732 Terrace Dr | $158/sqft. | $5 /sqft. |
| Oak Terrace Apartments | $144/sqft. | $4 /sqft. |
| 15712 Terrace Dr | $168/sqft. | $4 /sqft. |
| Oak Terrace Apartments | $160/sqft. | $5 /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-Lee R Foster Elementary School
A-Walter F Fierke Education Center
B-Oak Forest High School
A-St Damian School
--Jack Hille Middle School
C-
View nearby schools
Schools
Scarlet Oak Elementary School
B-Lee R Foster Elementary School
A-Walter F Fierke Education Center
B-Oak Forest High School
A-St Damian School
--Jack Hille Middle School
C-Destiny Program
--Deaf/Hard of Hearing Program
--Project Challenge
--Braun Educational Center
--Communication Development Program
--Kimberly Heights Elementary School
--Trinity Lutheran School
--Kerkstra Elementary School
A+Ridge Early Childhood Center
--Bert H Fulton School
ATransit
Experience convenience and connectivity with premium transit options just moments away.
159th St & Terrace Dr
159th St & Arroyo Dr
159th St & Peggy Ln
159th St & Rob Roy Dr
159th St & Central Ave
159th St & Ridgeland Ave
View nearby transit options
Transit
159th St & Terrace Dr
159th St & Arroyo Dr
159th St & Peggy Ln
159th St & Rob Roy Dr
159th St & Central Ave
159th St & Ridgeland Ave
159th St & Debra Ave
159th St & Debra Dr
159th St & Lorel Ave
6701 159th St (Ingalls Family Care)
159th St & Laramie Ave
159th St & Oak Park Ave
159th St & Le Claire Ave
Centennial Dr & Oak Park Ave
16130 Oak Park Ave
16136 Oak Park Ave
Oak Park Ave & 163rd Pl
159th St & 71st Ct
Centennial Dr & Lexington Ct (W)
Centennial Dr & Centennial Cir / Plymouth Ct (E)
Oak Forest
159th St & Cicero Ave (Metra Station)
Oak Park Ave & 165th Pl
159th St & Harlem Ave
Cicero Ave & 157th St
15840 S Cicero Ave
Oak Forest Metra (15801 Cicero Ave)
Cicero Ave & Waverly Ave
Cicero Ave & 159th St
Harlem Ave & 157th St
Cicero Ave & 155th St
Harlem Ave & 159th St
Harlem Ave & Wheeler Dr
Centennial Dr & Brementowne Dr
Cicero Ave & 154th St
Oak Park Ave & 167th St
Harlem Ave & 161st St
Centennial Dr & Brementowne Rd
Cicero Ave & 153rd St
Harlem Ave & 153rd St
159th St & Park Center Dr
Cicero Ave & 152nd St
159th St & Forest Dr
159th St & Forest Dr (Oak Forest Hospital)
Cicero Ave & 151st St
159th St & Olcott Ave
Oak Park Ave & 169th St
Cicero Ave & 149th St
167th St & Cicero Ave
Oak Park Ave & 171st St
Cicero Ave & 147th St
159th St & 76th Ave
The Neighborhood:
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