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

15732 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15732 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 8 condominium units. Construction finished in 1976, giving the building some character. Each unit ranges from 950 to 1,050 square feet, providing options for varied living space. The building includes 1 and 2-bedroom units. Prices for these units range from $123,500 to $158,000. The average closed price over the past year is about $158,000. Units sold for an average of $158 per square foot. Homes spend around 61 days on the market. Residents have access to several amenities such as a tennis court, a swimming pool, and a clubhouse. A sundeck and a party room also enhance community living. These features support a relaxed lifestyle and encourage social gatherings among neighbors. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These eateries cater to various tastes and offer local flavor. The area sits close to major roads like Ridgeland Avenue and 167th Street, connecting easily to other parts of the region. The nearby Calumet River adds a pleasant natural touch to the environment. It provides a scenic view and opportunities for outdoor activities. Overall, Oak Terrace Apartments combines functional living with accessible amenities and a quiet neighborhood atmosphere.

Building ImageMLS ID #12266649
Building ImageMLS ID #12112149
Building Image
Building ImageView Listing

Oak Terrace Apartments

15732 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1976

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15732 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 8 condominium units. Construction finished in 1976, giving the building some character. Each unit ranges from 950 to 1,050 square feet, providing options for varied living space. The building includes 1 and 2-bedroom units. Prices for these units range from $123,500 to $158,000. The average closed price over the past year is about $158,000. Units sold for an average of $158 per square foot. Homes spend around 61 days on the market. Residents have access to several amenities such as a tennis court, a swimming pool, and a clubhouse. A sundeck and a party room also enhance community living. These features support a relaxed lifestyle and encourage social gatherings among neighbors. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These eateries cater to various tastes and offer local flavor. The area sits close to major roads like Ridgeland Avenue and 167th Street, connecting easily to other parts of the region. The nearby Calumet River adds a pleasant natural touch to the environment. It provides a scenic view and opportunities for outdoor activities. Overall, Oak Terrace Apartments combines functional living with accessible amenities and a quiet neighborhood atmosphere.

Next

Description

Oak Terrace Apartments sits at 15732 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 8 condominium units. Construction finished in 1976, giving the building some character. Each unit ranges from 950 to 1,050 square feet, providing options for varied living space. The building includes 1 and 2-bedroom units. Prices for these units range from $123,500 to $158,000. The average closed price over the past year is about $158,000. Units sold for an average of $158 per square foot. Homes spend around 61 days on the market. Residents have access to several amenities such as a tennis court, a swimming pool, and a clubhouse. A sundeck and a party room also enhance community living. These features support a relaxed lifestyle and encourage social gatherings among neighbors. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These eateries cater to various tastes and offer local flavor. The area sits close to major roads like Ridgeland Avenue and 167th Street, connecting easily to other parts of the region. The nearby Calumet River adds a pleasant natural touch to the environment. It provides a scenic view and opportunities for outdoor activities. Overall, Oak Terrace Apartments combines functional living with accessible amenities and a quiet neighborhood atmosphere.

Oak Terrace Apartments Market Stats Last 12 months

Avg. Listed Price$169,900($170/Sqft.)
Avg. Sale Price$158,000($158/Sqft.)
Year over year list priceUp Arrow78.84%
Year over year sale priceUp Arrow 69.89%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market61 days
Average HOA fees per sqft$5 /monthly
Next

Market Stats

Year over year list priceUp Arrow78.84%
Year over year sale priceUp Arrow69.89%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market61 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

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 R02R02100021612025-03-10
MLS#: 12266649 		Closed$158,000
Unit R01R01900211122023-01-31
MLS#: 11649745 		Closed$123,500
Unit 3W3W-211922009-11-13
MLS#: 07207588 		Closed$109,000
Unit 3W
3W

2 Beds

1 Baths

0 sqft

DateStatusPrice
2009-11-13Closed$109,000
MLS#: 07207588
Days On Market192
Unit R01
R01

2 Beds

1 Baths

900 sqft

DateStatusPrice
2023-01-31Closed$123,500
MLS#: 11649745
Days On Market112
Unit R02
R02

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2025-03-10Closed$158,000
MLS#: 12266649
Days On Market61
View Complete Unit Listing HistorySource By: MRED

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.

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Amenities Description

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
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

Tennis Court(s)

Tennis Court(s)

Sundeck

Sundeck

Clubhouse

Clubhouse

Party Room

Party Room

Storage

Storage

Balcony

Balcony

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.

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$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

Oak Terrace Apartments is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.31 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.62 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.76 miles away

Oak Forest High School

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

St Damian School

--
Private|Grades PK–8
5300 155th St|0.91 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.93 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Oak Terrace Apartments is positioned near local schools serving the surrounding area. Educational institutions within a 2-mile radius improve daily accessibility. Families benefit from shorter commutes and convenience. This well-located area supports comfortable living.

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

St Damian School

--
Private|Grades PK–8
5300 155th St|Less than 1 Mile Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st 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|1.07 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|1.38 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.50 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.90 Miles Away

Transit

Oak Terrace Apartments enjoys proximity to 50+ public transit options throughout Oak Forest. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

15840 S Cicero Ave

1.49 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

0.22 miles away|5 min walk

159th St & Central Ave

0.46 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.42 miles away|28 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Oak Terrace Apartments enjoys proximity to 50+ public transit options throughout Oak Forest. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

15840 S Cicero Ave

1.49 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

0.22 miles away|5 min walk

159th St & Central Ave

0.46 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.42 miles away|28 min walk

159th St & Debra Ave

0.68 miles away|14 min walk

159th St & Debra Dr

0.69 miles away|14 min walk

159th St & Forest Dr

1.68 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.68 miles away|33 min walk

159th St & Harlem Ave

1.46 miles away|28 min walk

159th St & Laramie Ave

0.97 miles away|19 min walk

159th St & Le Claire Ave

1.11 miles away|22 min walk

159th St & Lorel Ave

0.79 miles away|16 min walk

159th St & Oak Park Ave

1.08 miles away|21 min walk

159th St & Olcott Ave

1.75 miles away|34 min walk

159th St & Park Center Dr

1.61 miles away|31 min walk

159th St & Peggy Ln

0.32 miles away|7 min walk

159th St & Ridgeland Ave

0.54 miles away|11 min walk

159th St & Rob Roy Dr

0.38 miles away|8 min walk

159th St & Terrace Dr

0.17 miles away|4 min walk

16130 Oak Park Ave

1.19 miles away|23 min walk

16136 Oak Park Ave

1.2 miles away|23 min walk

167th St & Cicero Ave

1.92 miles away|37 min walk

6701 159th St (Ingalls Family Care)

0.88 miles away|17 min walk

Centennial Dr & Brementowne Dr

1.54 miles away|30 min walk

Centennial Dr & Brementowne Rd

1.57 miles away|31 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.39 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.35 miles away|26 min walk

Centennial Dr & Oak Park Ave

1.17 miles away|23 min walk

Cicero Ave & 147th St

1.97 miles away|38 min walk

Cicero Ave & 149th St

1.84 miles away|36 min walk

Cicero Ave & 151st St

1.7 miles away|33 min walk

Cicero Ave & 152nd St

1.64 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

1.5 miles away|29 min walk

Cicero Ave & 157th St

1.48 miles away|29 min walk

Cicero Ave & 159th St

1.5 miles away|29 min walk

Cicero Ave & Waverly Ave

1.49 miles away|29 min walk

Harlem Ave & 153rd St

1.61 miles away|31 min walk

Harlem Ave & 157th St

1.5 miles away|29 min walk

Harlem Ave & 159th St

1.51 miles away|30 min walk

Harlem Ave & 161st St

1.56 miles away|30 min walk

Harlem Ave & Wheeler Dr

1.53 miles away|30 min walk

Oak Forest

1.39 miles away|27 min walk

Oak Forest Metra (15801 Cicero Ave)

1.49 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.27 miles away|25 min walk

Oak Park Ave & 165th Pl

1.43 miles away|28 min walk

Oak Park Ave & 167th St

1.55 miles away|30 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

19.12%

15–29 Years

16.9%

30–44 Years

19.97%

45–59 Years

22.01%

60+ Years

22%

Commute

3.93%

Transit

2.16%

Walk

86.63%

Drive

0%

Bike

Housing Ownership

77.49%

Owner Occupied

22.51%

Rental Units

Household Types

Single Family
26%
Multi Family
13.9%
Single Person
24.58%
Multi Person
75.42%

Average Income

Household:$8,957,725.47 /yr

Individual:$3,703,958.71 /yr

Education

Bachelors Degree19.72%
High School College28.39%
Diploma10.94%
Post Graduate8.66%
Others32.29%
Next

Education

Diploma10.94%
Post Graduate8.66%
Others32.29%
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  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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