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

15812 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15812 Terrace Drive in Oak Forest. The building stands at 3 stories and consists of 8 condominium units. Constructed in 1975, the property features a low-rise design that fits well in the area. Nearby, W 159th St and S 80th Ave serve as key routes for travel. Unit sizes range from 950 to 1,050 square feet, offering options for different living needs. The building includes 1 and 2-bedroom configurations. Recent unit prices vary, with the lowest sold price at $156,000. The average closed price also remains around $156,000. The average price per square foot stands at $223. The building provides various amenities for resident enjoyment. A patio offers a spot to relax outdoors. Tennis courts and a pool provide options for recreation. For gatherings, a party room is available. These features enhance social interaction and leisure for residents. Dining options are found nearby, with restaurants like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice just a short distance away. The area is not far from Lake Katherine, adding a touch of nature to the surroundings. This provides an opportunity for outdoor activity and relaxation. Units within Oak Terrace Apartments spend approximately 125 days on the market. This timeframe indicates the overall demand and pricing trends in the area. Parking options are likely available for residents and guests, contributing to daily convenience. The building balances a quiet atmosphere with access to nearby amenities and attractions.

Building ImageMLS ID #12289113
Building ImageMLS ID #11466998
Building ImageView Listing

Oak Terrace Apartments

15812 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

8

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15812 Terrace Drive in Oak Forest. The building stands at 3 stories and consists of 8 condominium units. Constructed in 1975, the property features a low-rise design that fits well in the area. Nearby, W 159th St and S 80th Ave serve as key routes for travel. Unit sizes range from 950 to 1,050 square feet, offering options for different living needs. The building includes 1 and 2-bedroom configurations. Recent unit prices vary, with the lowest sold price at $156,000. The average closed price also remains around $156,000. The average price per square foot stands at $223. The building provides various amenities for resident enjoyment. A patio offers a spot to relax outdoors. Tennis courts and a pool provide options for recreation. For gatherings, a party room is available. These features enhance social interaction and leisure for residents. Dining options are found nearby, with restaurants like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice just a short distance away. The area is not far from Lake Katherine, adding a touch of nature to the surroundings. This provides an opportunity for outdoor activity and relaxation. Units within Oak Terrace Apartments spend approximately 125 days on the market. This timeframe indicates the overall demand and pricing trends in the area. Parking options are likely available for residents and guests, contributing to daily convenience. The building balances a quiet atmosphere with access to nearby amenities and attractions.

Next

Description

Oak Terrace Apartments sits at 15812 Terrace Drive in Oak Forest. The building stands at 3 stories and consists of 8 condominium units. Constructed in 1975, the property features a low-rise design that fits well in the area. Nearby, W 159th St and S 80th Ave serve as key routes for travel. Unit sizes range from 950 to 1,050 square feet, offering options for different living needs. The building includes 1 and 2-bedroom configurations. Recent unit prices vary, with the lowest sold price at $156,000. The average closed price also remains around $156,000. The average price per square foot stands at $223. The building provides various amenities for resident enjoyment. A patio offers a spot to relax outdoors. Tennis courts and a pool provide options for recreation. For gatherings, a party room is available. These features enhance social interaction and leisure for residents. Dining options are found nearby, with restaurants like Bella Flowers, La Finca Grill, and Jamaica Jerk Choice just a short distance away. The area is not far from Lake Katherine, adding a touch of nature to the surroundings. This provides an opportunity for outdoor activity and relaxation. Units within Oak Terrace Apartments spend approximately 125 days on the market. This timeframe indicates the overall demand and pricing trends in the area. Parking options are likely available for residents and guests, contributing to daily convenience. The building balances a quiet atmosphere with access to nearby amenities and attractions.

Oak Terrace Apartments Market Stats Last 12 months

Avg. Listed Price$158,500($227/Sqft.)
Avg. Sale Price$156,000($223/Sqft.)
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market125 days
Average HOA fees per sqft-
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Market Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market125 days
Average HOA fees per sqft-

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 R01R01700211242025-06-16
MLS#: 12289113 		Closed$156,000
Unit 1E1E80011422022-09-23
MLS#: 11466998 		Closed$87,000
Unit RO2RO21000211342021-02-10
MLS#: 10886229 		Closed$93,900
Unit 1E
1E

1 Beds

1 Baths

800 sqft

DateStatusPrice
2022-09-23Closed$87,000
MLS#: 11466998
Days On Market42
Unit R01
R01

2 Beds

1 Baths

700 sqft

DateStatusPrice
2025-06-16Closed$156,000
MLS#: 12289113
Days On Market124
Unit RO2
RO2

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2021-02-10Closed$93,900
MLS#: 10886229
Days On Market134
View Complete Unit Listing HistorySource By: MRED

Amenities

Life at Oak Terrace Apartments is made even better with a selection of delightful amenities on offer. You’ll find a tennis court where you can unleash your competitive spirit, a refreshing pool perfect for those hot summer days, and a charming patio to relax or entertain friends. Hosting gatherings is easy with a dedicated party room at your disposal, ensuring that you’ll always have a space for celebrations and memories.

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Amenities Description

Life at Oak Terrace Apartments is made even better with a selection of delightful amenities on offer. You’ll find a tennis court where you can unleash your competitive spirit, a refreshing pool perfect for those hot summer days, and a charming patio to relax or entertain friends. Hosting gatherings is easy with a dedicated party room at your disposal, ensuring that you’ll always have a space for celebrations and memories.

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)

Patio

Patio

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

Living at Oak Terrace Apartments comes with the perks of pet-friendly policies – yes, cats and dogs are welcome! We know how important it is to have your furry best friend by your side. However, remember there are limits on the number of pets, which helps maintain a peaceful living environment for all residents.

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$223/sqft.-
Oak Terrace Apartments$160/sqft.$5 /sqft.
Oak Terrace Apartments$158/sqft.$5 /sqft.
15732 Terrace Dr$158/sqft.$5 /sqft.
Oak Terrace Apartments$156/sqft.$5 /sqft.
15832 S Terrace Dr$156/sqft.$5 /sqft.

Nearby Schools

Oak Terrace Apartments is located in , Oak Forest, with 18+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.32 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.66 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.8 miles away

St Damian School

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

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.92 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.97 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Oak Terrace Apartments is located in , Oak Forest, with 18+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

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

St Damian School

--
Private|Grades PK–8
5300 155th St|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

Braun Educational Center

--
Public|Grades –
6020 151st St|Less than 1 Mile Away

Destiny Program

--
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|1.04 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.21 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.40 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.51 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.87 Miles Away

Morton Gingerwood Elementary School

--
Public|Grades 1–2
16936 Forest Ave|1.97 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|1.97 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.

15840 S Cicero Ave

1.47 miles away|29 min walk

159th St & 71st Ct

1.37 miles away|27 min walk

159th St & Arroyo Dr

0.21 miles away|4 min walk

159th St & Central Ave

0.43 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.39 miles away|27 min walk

159th St & Debra Ave

0.65 miles away|13 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.

15840 S Cicero Ave

1.47 miles away|29 min walk

159th St & 71st Ct

1.37 miles away|27 min walk

159th St & Arroyo Dr

0.21 miles away|4 min walk

159th St & Central Ave

0.43 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.39 miles away|27 min walk

159th St & Debra Ave

0.65 miles away|13 min walk

159th St & Debra Dr

0.66 miles away|13 min walk

159th St & Forest Dr

1.65 miles away|32 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.65 miles away|32 min walk

159th St & Harlem Ave

1.48 miles away|29 min walk

159th St & Laramie Ave

0.95 miles away|19 min walk

159th St & Le Claire Ave

1.08 miles away|21 min walk

159th St & Lorel Ave

0.77 miles away|15 min walk

159th St & Oak Park Ave

1.09 miles away|21 min walk

159th St & Olcott Ave

1.77 miles away|34 min walk

159th St & Park Center Dr

1.63 miles away|32 min walk

159th St & Peggy Ln

0.28 miles away|6 min walk

159th St & Ridgeland Ave

0.55 miles away|11 min walk

159th St & Rob Roy Dr

0.38 miles away|8 min walk

159th St & Terrace Dr

0.13 miles away|3 min walk

16130 Oak Park Ave

1.19 miles away|23 min walk

16136 Oak Park Ave

1.19 miles away|23 min walk

167th St & Cicero Ave

1.88 miles away|36 min walk

6701 159th St (Ingalls Family Care)

0.9 miles away|18 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)

1.4 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.36 miles away|26 min walk

Centennial Dr & Oak Park Ave

1.17 miles away|23 min walk

Cicero Ave & 147th St

1.98 miles away|38 min walk

Cicero Ave & 149th St

1.85 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

1.54 miles away|30 min walk

Cicero Ave & 155th St

1.49 miles away|29 min walk

Cicero Ave & 157th St

1.46 miles away|29 min walk

Cicero Ave & 159th St

1.47 miles away|29 min walk

Cicero Ave & Waverly Ave

1.48 miles away|29 min walk

Harlem Ave & 153rd St

1.65 miles away|32 min walk

Harlem Ave & 157th St

1.52 miles away|30 min walk

Harlem Ave & 159th St

1.53 miles away|30 min walk

Harlem Ave & 161st St

1.57 miles away|31 min walk

Harlem Ave & Wheeler Dr

1.56 miles away|30 min walk

Oak Forest

1.37 miles away|27 min walk

Oak Forest Metra (15801 Cicero Ave)

1.47 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.26 miles away|25 min walk

Oak Park Ave & 165th Pl

1.41 miles away|28 min walk

Oak Park Ave & 167th St

1.53 miles away|30 min walk

Oak Park Ave & 169th St

1.74 miles away|34 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

19%

15–29 Years

16.92%

30–44 Years

20.02%

45–59 Years

22.06%

60+ Years

22%

Commute

3.9%

Transit

2.11%

Walk

86.88%

Drive

0%

Bike

Housing Ownership

77.15%

Owner Occupied

22.85%

Rental Units

Household Types

Single Family
25.82%
Multi Family
13.78%
Single Person
24.87%
Multi Person
75.13%

Average Income

Household:$8,913,031.66 /yr

Individual:$3,715,549.98 /yr

Education

Bachelors Degree19.68%
High School College28.44%
Diploma10.92%
Post Graduate8.61%
Others32.34%
Next

Education

Diploma10.92%
Post Graduate8.61%
Others32.34%
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  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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