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

15824 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

# STORIES

3

# TOTAL UNITS

5

UNIT SIZE RANGE

900-1,000 sqft

Description

Oak Terrace Apartments is a three-story residential complex located at 15824 Terrace Drive, Oak Forest, IL. The apartment building presents a diverse selection of spacious units tailored for comfortable living. Constructed with durable materials and designed with meticulous attention to detail, the apartments feature expansive windows that invite ample natural light into the living spaces. Residents of Oak Terrace Apartments benefit from an array of amenities designed to enhance urban living. The building includes a modern fitness center, ensuring residents have access to a convenient workout space. Additionally, there are designated barbecue areas perfect for outdoor gatherings. For residents with personal vehicles, ample on-site parking is available, providing hassle-free access to the building. In close vicinity, Oak Terrace Apartments offers residents easy access to a range of local shops, eateries, and recreational facilities, contributing to a vibrant community atmosphere. Public transportation options are conveniently located nearby, ensuring easy commuting. The surrounding environment is characterized by suburban tranquility, making it an ideal setting for those seeking both comfort and convenience in their everyday living experience.

Building Image
Building Image

Oak Terrace Apartments

15824 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

# STORIES

3

# TOTAL UNITS

5

UNIT SIZE RANGE

900-1,000 sqft

Description

Oak Terrace Apartments is a three-story residential complex located at 15824 Terrace Drive, Oak Forest, IL. The apartment building presents a diverse selection of spacious units tailored for comfortable living. Constructed with durable materials and designed with meticulous attention to detail, the apartments feature expansive windows that invite ample natural light into the living spaces. Residents of Oak Terrace Apartments benefit from an array of amenities designed to enhance urban living. The building includes a modern fitness center, ensuring residents have access to a convenient workout space. Additionally, there are designated barbecue areas perfect for outdoor gatherings. For residents with personal vehicles, ample on-site parking is available, providing hassle-free access to the building. In close vicinity, Oak Terrace Apartments offers residents easy access to a range of local shops, eateries, and recreational facilities, contributing to a vibrant community atmosphere. Public transportation options are conveniently located nearby, ensuring easy commuting. The surrounding environment is characterized by suburban tranquility, making it an ideal setting for those seeking both comfort and convenience in their everyday living experience.

Next

Description

Oak Terrace Apartments is a three-story residential complex located at 15824 Terrace Drive, Oak Forest, IL. The apartment building presents a diverse selection of spacious units tailored for comfortable living. Constructed with durable materials and designed with meticulous attention to detail, the apartments feature expansive windows that invite ample natural light into the living spaces. Residents of Oak Terrace Apartments benefit from an array of amenities designed to enhance urban living. The building includes a modern fitness center, ensuring residents have access to a convenient workout space. Additionally, there are designated barbecue areas perfect for outdoor gatherings. For residents with personal vehicles, ample on-site parking is available, providing hassle-free access to the building. In close vicinity, Oak Terrace Apartments offers residents easy access to a range of local shops, eateries, and recreational facilities, contributing to a vibrant community atmosphere. Public transportation options are conveniently located nearby, ensuring easy commuting. The surrounding environment is characterized by suburban tranquility, making it an ideal setting for those seeking both comfort and convenience in their everyday living experience.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price$97,500($115/Sqft.)

Avg. Sale Price$97,000($115/Sqft.)
Year over year list priceUp Arrow0.03%

Year over year sale priceUp Arrow 0.08%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market31 days

Average HOA fees per sqft$5 /monthly
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Key Stats

Year over year list priceUp Arrow0.03%

Year over year sale priceUp Arrow0.08%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market31 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

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 3385011312024-04-05
MLS#: 11979138
Closed$97,000
Unit R03R0390021482023-02-15
MLS#: 11692538
Closed$90,000
Unit 1S1S75011352022-09-12
MLS#: 11486700
Closed$80,000
Unit 1S
1S

1 Beds

1 Baths

750 sqft


DateStatusPrice
2022-09-12Closed$80,000
MLS#: 11486700
Days On Market35
Unit 3
3

1 Beds

1 Baths

850 sqft


DateStatusPrice
2024-04-05Closed$97,000
MLS#: 11979138
Days On Market31
Unit R03
R03

2 Beds

1 Baths

900 sqft


DateStatusPrice
2023-02-15Closed$90,000
MLS#: 11692538
Days On Market48
View Complete Unit Listing HistorySource By: MRED

Amenities

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
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Amenities

Pool

Pool

Coin Laundry

Coin Laundry

Party Room

Party Room

Storage

Storage

Balcony

Balcony

Policies

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)
No nearby building(s) data available.

Nearby Schools

Oak Terrace Apartments is situated close to local schools in , Oak Forest. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.33 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|0.8 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|0.93 miles away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|0.98 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Oak Terrace Apartments is situated close to local schools in , Oak Forest. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

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 ...|1.21 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.41 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|1.52 Miles Away

Bert H Fulton School

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

Morton Gingerwood Elementary School

--
Public|Grades 1–2
16936 Forest Ave|1.96 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|1.96 Miles Away

Transit

Set in , Oak Terrace Apartments provides residents with convenient access to public transit across Oak Forest. Multiple Bus, Rail are available within 2 miles, offering seamless daily travel options. Efficient transit connections support work, education, and lifestyle needs. This transit-rich area contributes to a balanced and connected living experience.

15840 S Cicero Ave

1.47 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|27 min walk

159th St & Arroyo Dr

0.2 miles away|4 min walk

159th St & Central Ave

0.42 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

Set in , Oak Terrace Apartments provides residents with convenient access to public transit across Oak Forest. Multiple Bus, Rail are available within 2 miles, offering seamless daily travel options. Efficient transit connections support work, education, and lifestyle needs. This transit-rich area contributes to a balanced and connected living experience.

15840 S Cicero Ave

1.47 miles away|29 min walk

159th St & 71st Ct

1.36 miles away|27 min walk

159th St & Arroyo Dr

0.2 miles away|4 min walk

159th St & Central Ave

0.42 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

1.47 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

1.76 miles away|34 min walk

159th St & Park Center Dr

1.63 miles away|32 min walk

159th St & Peggy Ln

0.27 miles away|6 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

0.12 miles away|3 min walk

16130 Oak Park Ave

1.18 miles away|23 min walk

16136 Oak Park Ave

1.19 miles away|23 min walk

167th St & Cicero Ave

1.87 miles away|36 min walk

6701 159th St (Ingalls Family Care)

0.89 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)

1.39 miles away|27 min walk

Centennial Dr & Lexington Ct (W)

1.35 miles away|26 min walk

Centennial Dr & Oak Park Ave

1.16 miles away|23 min walk

Cicero Ave & 147th St

1.99 miles away|39 min walk

Cicero Ave & 149th St

1.86 miles away|36 min walk

Cicero Ave & 151st St

1.71 miles away|33 min walk

Cicero Ave & 152nd St

1.65 miles away|32 min walk

Cicero Ave & 153rd St

1.6 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

1.47 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

1.53 miles away|30 min walk

Harlem Ave & 159th St

1.53 miles away|30 min walk

Harlem Ave & 161st St

1.56 miles away|30 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

1.25 miles away|24 min walk

Oak Park Ave & 165th Pl

1.41 miles away|27 min walk

Oak Park Ave & 167th St

1.52 miles away|30 min walk

Oak Park Ave & 169th St

1.73 miles away|34 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 18.97% are children aged 0–14, 16.92% are young adults between 15–29, 20.05% are adults aged 30–44, 22.06% are in the 45–59 range and 22% are seniors aged 60 and above. Commuting options are also varying where 86.96% of residents relying on driving, while others prefer public transit around 3.88%, walking around 2.1%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 77.04% of units owner occupied and 22.96% are rented. The neighborhood offers different household types. About 25.77% are single family homes and 13.75% are multi family units. Around 24.96% are single-person households, while 75.04% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.67% of residents have bachelor’s degrees. Around 28.46% have high school or college education. Another 10.91% hold diplomas while 8.6% have completed postgraduate studies. The remaining are 32.35% 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 18.97% are children aged 0–14, 16.92% are young adults between 15–29, 20.05% are adults aged 30–44, 22.06% are in the 45–59 range and 22% are seniors aged 60 and above. Commuting options are also varying where 86.96% of residents relying on driving, while others prefer public transit around 3.88%, walking around 2.1%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 77.04% of units owner occupied and 22.96% are rented. The neighborhood offers different household types. About 25.77% are single family homes and 13.75% are multi family units. Around 24.96% are single-person households, while 75.04% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.67% of residents have bachelor’s degrees. Around 28.46% have high school or college education. Another 10.91% hold diplomas while 8.6% have completed postgraduate studies. The remaining are 32.35% with other types of qualifications.

Age Demographics

0–14 Years

18.97%

15–29 Years

16.92%

30–44 Years

20.05%

45–59 Years

22.06%

60+ Years

22%

Commute

3.88%

Transit

2.1%

Walk

86.96%

Drive

0%

Bike

Housing Ownership

77.04%

Owner Occupied

22.96%

Rental Units

Household Types

Single Family
25.77%
Multi Family
13.75%
Single Person
24.96%
Multi Person
75.04%

Average Income

Household:$8,899,271.41 /yr

Individual:$3,719,208.04 /yr

Education

Bachelors Degree19.67%
High School College28.46%
Diploma10.91%
Post Graduate8.6%
Others32.35%
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Education

Diploma10.91%
Post Graduate8.6%
Others32.35%
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  1. Home
  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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