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

15818 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15818 Terrace Drive in Oak Forest. The location is near the intersection of W 167th St and S Cicero Ave. The building is close to Saganashkee Slough, offering a nearby water view. This area connects well to local streets and expressways. The low-rise building is three stories high and contains 7 condominium units. It was built in 1975, and unit sizes range from 950 to 1,050 square feet. The units have 1 or 2 bedrooms, making them suitable for various living arrangements. Prices for the units range from $160,000 to $122,000. The average closed price over the past year sits at $160,000. The average price per square foot comes to $160. Units typically spend around 39 days on the market before selling. The building offers several amenities for residents. There is a pool for swimming and relaxation. A clubhouse is available for gatherings, and a party room can serve for events. Outdoor activities can be enjoyed with features like a tennis court and park space. Local dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants provide a variety of cuisines just a short drive away. The overall community offers a blend of leisure and living spaces, making it a pleasant place to reside.

Building ImageMLS ID #12077485
Building ImageMLS ID #10597244
Building Image
Building ImageView Listing

Oak Terrace Apartments

15818 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15818 Terrace Drive in Oak Forest. The location is near the intersection of W 167th St and S Cicero Ave. The building is close to Saganashkee Slough, offering a nearby water view. This area connects well to local streets and expressways. The low-rise building is three stories high and contains 7 condominium units. It was built in 1975, and unit sizes range from 950 to 1,050 square feet. The units have 1 or 2 bedrooms, making them suitable for various living arrangements. Prices for the units range from $160,000 to $122,000. The average closed price over the past year sits at $160,000. The average price per square foot comes to $160. Units typically spend around 39 days on the market before selling. The building offers several amenities for residents. There is a pool for swimming and relaxation. A clubhouse is available for gatherings, and a party room can serve for events. Outdoor activities can be enjoyed with features like a tennis court and park space. Local dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants provide a variety of cuisines just a short drive away. The overall community offers a blend of leisure and living spaces, making it a pleasant place to reside.

Next

Description

Oak Terrace Apartments sits at 15818 Terrace Drive in Oak Forest. The location is near the intersection of W 167th St and S Cicero Ave. The building is close to Saganashkee Slough, offering a nearby water view. This area connects well to local streets and expressways. The low-rise building is three stories high and contains 7 condominium units. It was built in 1975, and unit sizes range from 950 to 1,050 square feet. The units have 1 or 2 bedrooms, making them suitable for various living arrangements. Prices for the units range from $160,000 to $122,000. The average closed price over the past year sits at $160,000. The average price per square foot comes to $160. Units typically spend around 39 days on the market before selling. The building offers several amenities for residents. There is a pool for swimming and relaxation. A clubhouse is available for gatherings, and a party room can serve for events. Outdoor activities can be enjoyed with features like a tennis court and park space. Local dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants provide a variety of cuisines just a short drive away. The overall community offers a blend of leisure and living spaces, making it a pleasant place to reside.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price$160,000($160/Sqft.)
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market39 days
Average HOA fees per sqft$5 /monthly
Next

Key Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market39 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 R01R01100021382024-07-15
MLS#: 12077485 		Closed$160,000
Unit 0303850111082020-04-10
MLS#: 10597244 		Closed$60,000
Unit 2W2W-211082007-10-05
MLS#: 06557872 		Closed$122,000
Unit 03
03

1 Beds

1 Baths

850 sqft

DateStatusPrice
2020-04-10Closed$60,000
MLS#: 10597244
Days On Market108
Unit 2W
2W

2 Beds

1 Baths

0 sqft

DateStatusPrice
2007-10-05Closed$122,000
MLS#: 06557872
Days On Market108
Unit R01
R01

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2024-07-15Closed$160,000
MLS#: 12077485
Days On Market38
View Complete Unit Listing HistorySource By: MRED

Amenities

Living here means you’ll have access to a wonderful array of amenities that cater to an active lifestyle. Picture summer days spent lounging by the sparkling pool, evenings engaging in friendly matches on the tennis courts, or hosting gatherings in the clubhouse or party room. The cozy patio is perfect for getting to know your neighbors over a cup of coffee or planning weekend barbecues. Plus, there’s a park nearby where you can unwind and enjoy nature—all within easy reach!

Next

Amenities Description

Living here means you’ll have access to a wonderful array of amenities that cater to an active lifestyle. Picture summer days spent lounging by the sparkling pool, evenings engaging in friendly matches on the tennis courts, or hosting gatherings in the clubhouse or party room. The cozy patio is perfect for getting to know your neighbors over a cup of coffee or planning weekend barbecues. Plus, there’s a park nearby where you can unwind and enjoy nature—all within easy reach!

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

Clubhouse

Clubhouse

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

Pet lovers can breathe a sigh of relief because Oak Terrace Apartments is pet-friendly, allowing both cats and dogs to join your household. However, do note that there are size limits in place for pets. Understanding these details can help ease your move and make it feel like home right from the start!

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$160/sqft.$5 /sqft.
Oak Terrace Apartments$156/sqft.$5 /sqft.
15832 S Terrace Dr$156/sqft.$5 /sqft.
Oak Terrace Apartments$158/sqft.$5 /sqft.
15732 Terrace Dr$158/sqft.$5 /sqft.
Oak Terrace Apartments$144/sqft.$4 /sqft.

Nearby Schools

Residents of Oak Terrace Apartments enjoy access to nearby educational institutions across Oak Forest. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.35 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.68 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.79 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|0.93 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.94 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.99 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Residents of Oak Terrace Apartments enjoy access to nearby educational institutions across Oak Forest. Schools within a 2-mile radius enhance convenience for daily routines. Close proximity supports consistent attendance and flexibility. This location promotes a family-friendly lifestyle.

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|1.01 Miles Away

Destiny Program

--
Public|Grades –
6020 151st St|1.01 Miles Away

Project Challenge

--
Public|Grades –
6020 151st St|1.01 Miles Away

Communication Development Program

--
Public|Grades –
6020 151st St|1.01 Miles Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|1.01 Miles Away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.02 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|1.43 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.54 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.85 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|1.97 Miles Away

Morton Gingerwood Elementary School

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

Transit

Oak Terrace Apartments benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Rail ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

15840 S Cicero Ave

1.49 miles away|29 min walk

159th St & 71st Ct

1.34 miles away|26 min walk

159th St & 76th Ave

1.99 miles away|39 min walk

159th St & Arroyo Dr

0.18 miles away|4 min walk

159th St & Central Ave

0.44 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.41 miles away|28 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Oak Terrace Apartments benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Rail ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

15840 S Cicero Ave

1.49 miles away|29 min walk

159th St & 71st Ct

1.34 miles away|26 min walk

159th St & 76th Ave

1.99 miles away|39 min walk

159th St & Arroyo Dr

0.18 miles away|4 min walk

159th St & Central Ave

0.44 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.41 miles away|28 min walk

159th St & Debra Ave

0.67 miles away|13 min walk

159th St & Debra Dr

0.68 miles away|14 min walk

159th St & Forest Dr

1.67 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.67 miles away|33 min walk

159th St & Harlem Ave

1.45 miles away|28 min walk

159th St & Laramie Ave

0.97 miles away|19 min walk

159th St & Le Claire Ave

1.1 miles away|22 min walk

159th St & Lorel Ave

0.79 miles away|16 min walk

159th St & Oak Park Ave

1.07 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

0.29 miles away|6 min walk

159th St & Ridgeland Ave

0.52 miles away|10 min walk

159th St & Rob Roy Dr

0.36 miles away|7 min walk

159th St & Terrace Dr

0.13 miles away|3 min walk

16130 Oak Park Ave

1.17 miles away|23 min walk

16136 Oak Park Ave

1.17 miles away|23 min walk

167th St & Cicero Ave

1.89 miles away|37 min walk

6701 159th St (Ingalls Family Care)

0.87 miles away|17 min walk

Centennial Dr & Brementowne Dr

1.52 miles away|30 min walk

Centennial Dr & Brementowne Rd

1.55 miles away|30 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.37 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.33 miles away|26 min walk

Centennial Dr & Oak Park Ave

1.14 miles away|22 min walk

Cicero Ave & 149th St

1.87 miles away|36 min walk

Cicero Ave & 151st St

1.73 miles away|34 min walk

Cicero Ave & 152nd St

1.67 miles away|32 min walk

Cicero Ave & 153rd St

1.61 miles away|31 min walk

Cicero Ave & 154th St

1.57 miles away|31 min walk

Cicero Ave & 155th St

1.52 miles away|30 min walk

Cicero Ave & 157th St

1.49 miles away|29 min walk

Cicero Ave & 159th St

1.49 miles away|29 min walk

Cicero Ave & Waverly Ave

1.5 miles away|29 min walk

Harlem Ave & 153rd St

1.63 miles away|32 min walk

Harlem Ave & 157th St

1.5 miles away|29 min walk

Harlem Ave & 159th St

1.51 miles away|29 min walk

Harlem Ave & 161st St

1.54 miles away|30 min walk

Harlem Ave & Wheeler Dr

1.54 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

1.24 miles away|24 min walk

Oak Park Ave & 165th Pl

1.39 miles away|27 min walk

Oak Park Ave & 167th St

1.51 miles away|29 min walk

Oak Park Ave & 169th St

1.72 miles away|33 min walk

The Neighbourhood: Oak Terrace Apartments

Similar Buildings Nearby

Add to favoritesAdd to favorites (hover)
15818 Terrace Dr Unit R3
15818 Terrace Dr Unit R3, 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)
15818 Terrace Dr Unit R3
15818 Terrace Dr Unit R3, 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

19.03%

15–29 Years

16.88%

30–44 Years

20.07%

45–59 Years

22%

60+ Years

22.01%

Commute

3.85%

Transit

2.13%

Walk

86.92%

Drive

0%

Bike

Housing Ownership

77.08%

Owner Occupied

22.92%

Rental Units

Household Types

Single Family
25.81%
Multi Family
13.79%
Single Person
24.94%
Multi Person
75.06%

Average Income

Household:$8,907,599.46 /yr

Individual:$3,718,021.44 /yr

Education

Bachelors Degree19.68%
High School College28.47%
Diploma10.93%
Post Graduate8.59%
Others32.33%
Next

Education

Diploma10.93%
Post Graduate8.59%
Others32.33%
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
Clare
Buildings
15700 S Terrace Dr
15704 S Terrace Dr Dr
15708 Terrace Dr
15712 Terrace Dr
15724 Terrace Dr
15732 Terrace Dr
15818 Terrace Dr Unit R3
15820 Terrace Dr
15830 S Terrace Dr
15832 S Terrace Dr
Oak Terrace Apartments
Neighborhoods
AndersonvilleAustinAvalon Park
Belmont CraginBeverlyBig Woods MarmionBlackberry CountrysideCalumet HeightsChicago Midway International AirportClearingEdgewaterEdison ParkEvergreen TerraceForest GlenGarnseyGold CoastHumboldt ParkJackson ParkLittle Italy / University VillageLittle Village
ZIP Codes
600216004460045
6004760056600726018860194604036042560441604426048060511605146052060586606336065760805
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 2026. All Rights Reserved.