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

15820 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1978

# STORIES

1

# TOTAL UNITS

10

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15820 Terrace Drive in Oak Forest. This building lies near the intersection of 167th Street and Cicero Avenue. Lake Katherine is nearby, adding to the area's charm. The low-rise structure has only 1 story. The building contains 10 units, which range from 950 to 1,050 square feet. Unit layouts include both 1 and 2 bedrooms, making it suitable for different lifestyles. The construction of the building finished in 1978, giving it a bit of history within the neighborhood. Unit prices range from $100,000 to $107,000. This pricing can attract a variety of buyers. The average price per square foot tends to reflect the options available in the area. Residents enjoy several amenities, including a school bus service, tennis courts, and a pool. There is also a bike room and bike trails for those who enjoy outdoor activities. A party room offers a space for gatherings and events. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants can serve various tastes and preferences. Local roads and amenities make the location practical for everyday life.

Building ImageMLS ID #11296696
Building ImageMLS ID #11849323
Building Image
Building ImageView Listing

Oak Terrace Apartments

15820 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1978

# STORIES

1

# TOTAL UNITS

10

UNIT SIZE RANGE

950-1,050 sqft

Description

Oak Terrace Apartments sits at 15820 Terrace Drive in Oak Forest. This building lies near the intersection of 167th Street and Cicero Avenue. Lake Katherine is nearby, adding to the area's charm. The low-rise structure has only 1 story. The building contains 10 units, which range from 950 to 1,050 square feet. Unit layouts include both 1 and 2 bedrooms, making it suitable for different lifestyles. The construction of the building finished in 1978, giving it a bit of history within the neighborhood. Unit prices range from $100,000 to $107,000. This pricing can attract a variety of buyers. The average price per square foot tends to reflect the options available in the area. Residents enjoy several amenities, including a school bus service, tennis courts, and a pool. There is also a bike room and bike trails for those who enjoy outdoor activities. A party room offers a space for gatherings and events. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants can serve various tastes and preferences. Local roads and amenities make the location practical for everyday life.

Next

Description

Oak Terrace Apartments sits at 15820 Terrace Drive in Oak Forest. This building lies near the intersection of 167th Street and Cicero Avenue. Lake Katherine is nearby, adding to the area's charm. The low-rise structure has only 1 story. The building contains 10 units, which range from 950 to 1,050 square feet. Unit layouts include both 1 and 2 bedrooms, making it suitable for different lifestyles. The construction of the building finished in 1978, giving it a bit of history within the neighborhood. Unit prices range from $100,000 to $107,000. This pricing can attract a variety of buyers. The average price per square foot tends to reflect the options available in the area. Residents enjoy several amenities, including a school bus service, tennis courts, and a pool. There is also a bike room and bike trails for those who enjoy outdoor activities. A party room offers a space for gatherings and events. Nearby dining options include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These restaurants can serve various tastes and preferences. Local roads and amenities make the location practical for everyday life.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price-

Avg. Sale Price-
Year over year list price0.00%

Year over year sale price 0.00%
Total Listings0 Listed

Total sold0 Sold
Average Days on Market0 days

Average HOA fees per sqft-
Next

Key Stats

Year over year list price0.00%

Year over year sale price0.00%
Total Listings0 Listed

Total sold0 Sold
Average Days on Market0 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 1170011362023-09-08
MLS#: 11849323
Closed$107,000
Unit RO3RO3100021502021-06-02
MLS#: 11051330
Closed$90,000
Unit 2S2S-11442007-11-29
MLS#: 06705348
Closed$100,000
Unit 1
1

1 Beds

1 Baths

700 sqft


DateStatusPrice
2023-09-08Closed$107,000
MLS#: 11849323
Days On Market36
Unit 2S
2S

1 Beds

1 Baths

0 sqft


DateStatusPrice
2007-11-29Closed$100,000
MLS#: 06705348
Days On Market44
Unit RO3
RO3

2 Beds

1 Baths

1000 sqft


DateStatusPrice
2021-06-02Closed$90,000
MLS#: 11051330
Days On Market50
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the standout features of Oak Terrace is the array of amenities that enhance the living experience. Imagine hosting summer barbecues by the pool or engaging in friendly competition on the tennis courts—fun options to unwind after a long day. There's also a party room for those occasions you want to celebrate with family and friends. Plus, for those who enjoy being active, the bike room and surrounding bike trails provide easy access to outdoor adventures. And don't worry if you have a furry friend—cats and dogs are both welcome here!

Next

Amenities Description

One of the standout features of Oak Terrace is the array of amenities that enhance the living experience. Imagine hosting summer barbecues by the pool or engaging in friendly competition on the tennis courts—fun options to unwind after a long day. There's also a party room for those occasions you want to celebrate with family and friends. Plus, for those who enjoy being active, the bike room and surrounding bike trails provide easy access to outdoor adventures. And don't worry if you have a furry friend—cats and dogs are both welcome here!

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

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

When it comes to living arrangements, Oak Terrace plays it fair and simple. The building allows a certain number of pets, so you won’t have to leave your fur babies behind. However, keep in mind that there are size limits on pets, ensuring the community remains comfortable for everyone.

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--
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.

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|0.37 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.7 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.78 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|0.96 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.97 miles away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|0.99 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

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|Less than 1 Mile Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|1.01 Miles Away

Destiny Program

--
Public|Grades –
6020 151st St|1.03 Miles Away

Braun Educational Center

--
Public|Grades –
6020 151st St|1.03 Miles Away

Project Challenge

--
Public|Grades –
6020 151st St|1.03 Miles Away

Communication Development Program

--
Public|Grades –
6020 151st St|1.03 Miles Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|1.03 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.17 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.45 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.56 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|1.82 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|1.95 Miles Away

Morton Gingerwood Elementary School

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

Transit

Oak Terrace Apartments is located in a well-connected part of , Oak Forest, supported by nearby public transportation. Transit options within a 2-mile radius improve accessibility for daily commuting. Residents enjoy convenient travel across surrounding neighborhoods and downtown areas. This connectivity enhances overall quality of urban living.

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.33 miles away|26 min walk

159th St & 76th Ave

1.97 miles away|38 min walk

159th St & Arroyo Dr

0.16 miles away|4 min walk

159th St & Central Ave

0.45 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.43 miles away|28 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Oak Terrace Apartments is located in a well-connected part of , Oak Forest, supported by nearby public transportation. Transit options within a 2-mile radius improve accessibility for daily commuting. Residents enjoy convenient travel across surrounding neighborhoods and downtown areas. This connectivity enhances overall quality of urban living.

15840 S Cicero Ave

1.5 miles away|29 min walk

159th St & 71st Ct

1.33 miles away|26 min walk

159th St & 76th Ave

1.97 miles away|38 min walk

159th St & Arroyo Dr

0.16 miles away|4 min walk

159th St & Central Ave

0.45 miles away|9 min walk

159th St & Cicero Ave (Metra Station)

1.43 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

1.69 miles away|33 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.69 miles away|33 min walk

159th St & Harlem Ave

1.44 miles away|28 min walk

159th St & Laramie Ave

0.98 miles away|19 min walk

159th St & Le Claire Ave

1.11 miles away|22 min walk

159th St & Lorel Ave

0.8 miles away|16 min walk

159th St & Oak Park Ave

1.05 miles away|21 min walk

159th St & Olcott Ave

1.73 miles away|34 min walk

159th St & Park Center Dr

1.59 miles away|31 min walk

159th St & Peggy Ln

0.3 miles away|6 min walk

159th St & Ridgeland Ave

0.5 miles away|10 min walk

159th St & Rob Roy Dr

0.34 miles away|7 min walk

159th St & Terrace Dr

0.12 miles away|3 min walk

16130 Oak Park Ave

1.14 miles away|22 min walk

16136 Oak Park Ave

1.15 miles away|22 min walk

167th St & Cicero Ave

1.89 miles away|37 min walk

6701 159th St (Ingalls Family Care)

0.86 miles away|17 min walk

Centennial Dr & Brementowne Dr

1.5 miles away|29 min walk

Centennial Dr & Brementowne Rd

1.52 miles away|30 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.35 miles away|26 min walk

Centennial Dr & Lexington Ct (W)

1.31 miles away|26 min walk

Centennial Dr & Oak Park Ave

1.12 miles away|22 min walk

Cicero Ave & 149th St

1.9 miles away|37 min walk

Cicero Ave & 151st St

1.75 miles away|34 min walk

Cicero Ave & 152nd St

1.69 miles away|33 min walk

Cicero Ave & 153rd St

1.64 miles away|32 min walk

Cicero Ave & 154th St

1.59 miles away|31 min walk

Cicero Ave & 155th St

1.54 miles away|30 min walk

Cicero Ave & 157th St

1.5 miles away|29 min walk

Cicero Ave & 159th St

1.5 miles away|29 min walk

Cicero Ave & Waverly Ave

1.52 miles away|30 min walk

Harlem Ave & 153rd St

1.62 miles away|32 min walk

Harlem Ave & 157th St

1.49 miles away|29 min walk

Harlem Ave & 159th St

1.49 miles away|29 min walk

Harlem Ave & 161st St

1.52 miles away|30 min walk

Harlem Ave & Wheeler Dr

1.53 miles away|30 min walk

Oak Forest

1.41 miles away|27 min walk

Oak Forest Metra (15801 Cicero Ave)

1.51 miles away|29 min walk

Oak Park Ave & 163rd Pl

1.21 miles away|24 min walk

Oak Park Ave & 165th Pl

1.36 miles away|27 min walk

Oak Park Ave & 167th St

1.48 miles away|29 min walk

Oak Park Ave & 169th St

1.69 miles away|33 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

This neighborhood indicates a good mix of people which makes it a good place for families. About 19.04% are children aged 0–14, 16.85% are young adults between 15–29, 20.13% are adults aged 30–44, 21.96% are in the 45–59 range and 22.02% are seniors aged 60 and above. Commuting options are also varying where 87.02% of residents relying on driving, while others prefer public transit around 3.79%, walking around 2.13%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.95% of units owner occupied and 23.05% are rented. The neighborhood offers different household types. About 25.76% are single family homes and 13.77% are multi family units. Around 25.08% are single-person households, while 74.92% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.66% of residents have bachelor’s degrees. Around 28.51% have high school or college education. Another 10.93% hold diplomas while 8.56% have completed postgraduate studies. The remaining are 32.34% with other types of qualifications.

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Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 19.04% are children aged 0–14, 16.85% are young adults between 15–29, 20.13% are adults aged 30–44, 21.96% are in the 45–59 range and 22.02% are seniors aged 60 and above. Commuting options are also varying where 87.02% of residents relying on driving, while others prefer public transit around 3.79%, walking around 2.13%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.95% of units owner occupied and 23.05% are rented. The neighborhood offers different household types. About 25.76% are single family homes and 13.77% are multi family units. Around 25.08% are single-person households, while 74.92% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.66% of residents have bachelor’s degrees. Around 28.51% have high school or college education. Another 10.93% hold diplomas while 8.56% have completed postgraduate studies. The remaining are 32.34% with other types of qualifications.

Age Demographics

0–14 Years

19.04%

15–29 Years

16.85%

30–44 Years

20.13%

45–59 Years

21.96%

60+ Years

22.02%

Commute

3.79%

Transit

2.13%

Walk

87.02%

Drive

0%

Bike

Housing Ownership

76.95%

Owner Occupied

23.05%

Rental Units

Household Types

Single Family
25.76%
Multi Family
13.77%
Single Person
25.08%
Multi Person
74.92%

Average Income

Household:$8,892,289.1 /yr

Individual:$3,722,826.19 /yr

Education

Bachelors Degree19.66%
High School College28.51%
Diploma10.93%
Post Graduate8.56%
Others32.34%
Next

Education

Diploma10.93%
Post Graduate8.56%
Others32.34%
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  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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