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

15832 Terrace Drive, Oak Forest, IL, 60452 |Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,450-1,550 sqft

Description

Oak Terrace Apartments sits at 15832 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 7 condominium units. Construction finished in 1975. The building offers a nice mix of 1, 2, and 3-bedroom apartments, with unit sizes ranging from 1,450 to 1,550 square feet. The price range for units is between $144,000 to $160,000. The lowest sold price in the last year was around $113,000. The average closed price of the units was about $136,500, which translates to an average price per square foot of $156. Units typically remain on the market for around 54 days. Oak Terrace Apartments enjoys attractive waterfront views, a feature that adds to its appeal. The building is within reach of the Calumet River and lies near the intersection of W 159th St and S Cicero Ave. The location provides easy access to local streets and nearby amenities. The building includes several amenities. Residents can enjoy trails for walking or jogging, a pool for warm-weather relaxation, and tennis courts for recreational activities. A clubhouse and party room are also available for gatherings and events, enhancing community life within the building. Dining options nearby include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These places offer a variety of cuisines and are a short distance away. The setting combines a suburban vibe with convenient access to good food and local services.

Building ImageMLS ID #12263749
Building ImageMLS ID #12170374
Building Image
Building ImageView Listing

Oak Terrace Apartments

15832 Terrace Drive, Oak Forest, IL, 60452

|Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,450-1,550 sqft

Description

Oak Terrace Apartments sits at 15832 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 7 condominium units. Construction finished in 1975. The building offers a nice mix of 1, 2, and 3-bedroom apartments, with unit sizes ranging from 1,450 to 1,550 square feet. The price range for units is between $144,000 to $160,000. The lowest sold price in the last year was around $113,000. The average closed price of the units was about $136,500, which translates to an average price per square foot of $156. Units typically remain on the market for around 54 days. Oak Terrace Apartments enjoys attractive waterfront views, a feature that adds to its appeal. The building is within reach of the Calumet River and lies near the intersection of W 159th St and S Cicero Ave. The location provides easy access to local streets and nearby amenities. The building includes several amenities. Residents can enjoy trails for walking or jogging, a pool for warm-weather relaxation, and tennis courts for recreational activities. A clubhouse and party room are also available for gatherings and events, enhancing community life within the building. Dining options nearby include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These places offer a variety of cuisines and are a short distance away. The setting combines a suburban vibe with convenient access to good food and local services.

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Description

Oak Terrace Apartments sits at 15832 Terrace Drive in Oak Forest. This low-rise building has 3 stories and contains 7 condominium units. Construction finished in 1975. The building offers a nice mix of 1, 2, and 3-bedroom apartments, with unit sizes ranging from 1,450 to 1,550 square feet. The price range for units is between $144,000 to $160,000. The lowest sold price in the last year was around $113,000. The average closed price of the units was about $136,500, which translates to an average price per square foot of $156. Units typically remain on the market for around 54 days. Oak Terrace Apartments enjoys attractive waterfront views, a feature that adds to its appeal. The building is within reach of the Calumet River and lies near the intersection of W 159th St and S Cicero Ave. The location provides easy access to local streets and nearby amenities. The building includes several amenities. Residents can enjoy trails for walking or jogging, a pool for warm-weather relaxation, and tennis courts for recreational activities. A clubhouse and party room are also available for gatherings and events, enhancing community life within the building. Dining options nearby include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These places offer a variety of cuisines and are a short distance away. The setting combines a suburban vibe with convenient access to good food and local services.

Oak Terrace Apartments Market Stats Last 12 months

Avg. Listed Price$120,000($160/Sqft.)
Avg. Sale Price$136,500($156/Sqft.)
Year over year list priceDown Arrow27.23%
Year over year sale price 0.00%
Total Listings1 Listed
Total sold2 Sold
Average Days on Market54 days
Average HOA fees per sqft$5 /monthly
Next

Market Stats

Year over year list priceDown Arrow27.23%
Year over year sale price0.00%
Total Listings1 Listed
Total sold2 Sold
Average Days on Market54 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 3N3N100021662024-12-06
MLS#: 12170374 		Closed$160,000
Unit F1F1150033892020-07-28
MLS#: 10702198 		Closed$144,000
Unit 11-33882008-11-25
MLS#: 07007909 		Closed$115,000
Unit 1
1

3 Beds

3 Baths

0 sqft

DateStatusPrice
2008-11-25Closed$115,000
MLS#: 07007909
Days On Market88
Unit 3N
3N

2 Beds

1 Baths

1000 sqft

DateStatusPrice
2024-12-06Closed$160,000
MLS#: 12170374
Days On Market66
Unit F1
F1

3 Beds

3 Baths

1500 sqft

DateStatusPrice
2020-07-28Closed$144,000
MLS#: 10702198
Days On Market89
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the standout perks of living at Oak Terrace is its impressive lineup of amenities. Imagine starting your day with a refreshing morning swim in the pool or a casual match on the tennis courts. If you’re in the mood for socializing, the charming clubhouse or party room is just the place to throw a gathering or meet with friends. Plus, take advantage of serene trails nearby for those leisurely evening strolls, providing a perfect blend of outdoor activity and relaxation.

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Amenities Description

One of the standout perks of living at Oak Terrace is its impressive lineup of amenities. Imagine starting your day with a refreshing morning swim in the pool or a casual match on the tennis courts. If you’re in the mood for socializing, the charming clubhouse or party room is just the place to throw a gathering or meet with friends. Plus, take advantage of serene trails nearby for those leisurely evening strolls, providing a perfect blend of outdoor activity and relaxation.

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

As a potential pet owner, you'll be happy to learn that Oak Terrace Apartments welcomes both cats and dogs! This pet-friendly policy adds a warm touch to your living experience, ensuring your furry friends feel at home too.

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$156/sqft.$5 /sqft.
15832 S Terrace Dr$156/sqft.$5 /sqft.
Oak Terrace Apartments$160/sqft.$5 /sqft.
15818 Terrace Dr$160/sqft.$5 /sqft.
Oak Terrace Apartments$158/sqft.$5 /sqft.
15732 Terrace Dr$158/sqft.$5 /sqft.

Nearby Schools

Discover top-rated schools located close to Oak Terrace Apartments.

Scarlet Oak Elementary School

B-
Public|Grades 3–4
5731 Albert Dr|0.48 miles away

Lee R Foster Elementary School

A-
Public|Grades 1–5
5931 School St|0.96 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|1.11 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|1.24 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|1.29 miles away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.32 miles away
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Schools

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|1.11 Miles Away

St Damian School

--
Private|Grades PK–8
5300 155th St|1.24 Miles Away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|1.29 Miles Away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|1.32 Miles Away

Jack Hille Middle School

C-
Public|Grades 6–8
5800 151st St|1.37 Miles Away

Destiny Program

--
Public|Grades –
6020 151st St|1.41 Miles Away

Communication Development Program

--
Public|Grades –
6020 151st St|1.41 Miles Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|1.41 Miles Away

Braun Educational Center

--
Public|Grades –
6020 151st St|1.41 Miles Away

Project Challenge

--
Public|Grades –
6020 151st St|1.41 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.62 Miles Away

Kerkstra Elementary School

A+
Public|Grades 1–5
14950 Laramie Ave|1.93 Miles Away

Ridge Early Childhood Center

--
Public|Grades PK–KG
5151 149th St|2.07 Miles Away

Bert H Fulton School

A
Public|Grades PK–5
6601 171st St|2.44 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|2.57 Miles Away

Morton Gingerwood Elementary School

--
Public|Grades 1–2
16936 Forest Ave|2.58 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

159th St & Terrace Dr

0.1 miles away|2 min walk

159th St & Arroyo Dr

0.24 miles away|5 min walk

159th St & Peggy Ln

0.34 miles away|7 min walk

159th St & Rob Roy Dr

0.5 miles away|10 min walk

159th St & Central Ave

0.55 miles away|11 min walk

159th St & Ridgeland Ave

0.72 miles away|14 min walk
Next

Transit

159th St & Terrace Dr

0.1 miles away|2 min walk

159th St & Arroyo Dr

0.24 miles away|5 min walk

159th St & Peggy Ln

0.34 miles away|7 min walk

159th St & Rob Roy Dr

0.5 miles away|10 min walk

159th St & Central Ave

0.55 miles away|11 min walk

159th St & Ridgeland Ave

0.72 miles away|14 min walk

159th St & Debra Ave

0.86 miles away|17 min walk

159th St & Debra Dr

0.87 miles away|17 min walk

159th St & Lorel Ave

1.01 miles away|20 min walk

6701 159th St (Ingalls Family Care)

1.19 miles away|23 min walk

159th St & Laramie Ave

1.25 miles away|24 min walk

159th St & Le Claire Ave

1.43 miles away|28 min walk

159th St & Oak Park Ave

1.46 miles away|28 min walk

Centennial Dr & Oak Park Ave

1.54 miles away|30 min walk

16130 Oak Park Ave

1.56 miles away|30 min walk

16136 Oak Park Ave

1.57 miles away|31 min walk

Oak Park Ave & 163rd Pl

1.65 miles away|32 min walk

Centennial Dr & Lexington Ct (W)

1.79 miles away|35 min walk

159th St & 71st Ct

1.82 miles away|35 min walk

Oak Forest

1.82 miles away|35 min walk

Centennial Dr & Centennial Cir / Plymouth Ct (E)

1.85 miles away|36 min walk

Oak Park Ave & 165th Pl

1.85 miles away|36 min walk

159th St & Cicero Ave (Metra Station)

1.85 miles away|36 min walk

Cicero Ave & 159th St

1.95 miles away|38 min walk

15840 S Cicero Ave

1.95 miles away|38 min walk

Oak Forest Metra (15801 Cicero Ave)

1.96 miles away|38 min walk

Cicero Ave & 157th St

1.96 miles away|38 min walk

159th St & Harlem Ave

1.97 miles away|38 min walk

Cicero Ave & Waverly Ave

1.98 miles away|38 min walk

Oak Park Ave & 167th St

2 miles away|39 min walk

Cicero Ave & 155th St

2.01 miles away|39 min walk

Harlem Ave & 159th St

2.04 miles away|40 min walk

Centennial Dr & Brementowne Dr

2.04 miles away|40 min walk

Harlem Ave & 157th St

2.05 miles away|40 min walk

Centennial Dr & Brementowne Rd

2.08 miles away|40 min walk

Harlem Ave & 161st St

2.08 miles away|40 min walk

Cicero Ave & 154th St

2.08 miles away|40 min walk

Harlem Ave & Wheeler Dr

2.11 miles away|41 min walk

Cicero Ave & 153rd St

2.15 miles away|42 min walk

159th St & Park Center Dr

2.18 miles away|42 min walk

159th St & Forest Dr

2.2 miles away|43 min walk

159th St & Forest Dr (Oak Forest Hospital)

2.2 miles away|43 min walk

Cicero Ave & 152nd St

2.23 miles away|43 min walk

Harlem Ave & 153rd St

2.23 miles away|43 min walk

Oak Park Ave & 169th St

2.27 miles away|44 min walk

Cicero Ave & 151st St

2.31 miles away|45 min walk

159th St & Olcott Ave

2.36 miles away|46 min walk

167th St & Cicero Ave

2.46 miles away|48 min walk

Cicero Ave & 149th St

2.52 miles away|49 min walk

Oak Park Ave & 171st St

2.53 miles away|49 min walk

The Neighbourhood: Oak Terrace Apartments

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Oak Terrace Apartments Demographics

Age Demographics

0–14 Years

18.86%

15–29 Years

16.93%

30–44 Years

20.11%

45–59 Years

22.09%

60+ Years

22.01%

Commute

3.84%

Transit

2.05%

Walk

87.23%

Drive

0%

Bike

Housing Ownership

76.66%

Owner Occupied

23.34%

Rental Units

Household Types

Single Family
25.59%
Multi Family
13.64%
Single Person
25.26%
Multi Person
74.74%

Average Income

Household:$8,851,888.14 /yr

Individual:$3,731,100.85 /yr

Education

Bachelors Degree19.62%
High School College28.52%
Diploma10.9%
Post Graduate8.55%
Others32.41%
Next

Education

Diploma10.9%
Post Graduate8.55%
Others32.41%
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    Oak Terrace Apartments
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