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

15834 Terrace Drive, Oak Forest, IL, 60452
Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

3

UNIT SIZE RANGE

800-1,000 sqft

Description

Oak Terrace Apartments, located at 15834 Terrace Drive, Oak Forest, IL 60452, is a three-story residential building constructed in 1975. The building offers a range of spacious apartments designed to accommodate modern living needs. Each unit is thoughtfully constructed with durable materials, ensuring long-lasting quality and comfort. The architectural style of Oak Terrace Apartments features classic elements typical of the mid-1970s, complemented by large windows that allow natural light to fill the living spaces. Residents can enjoy well-maintained common areas, including ample parking spaces and landscaped grounds that offer a peaceful retreat from urban life. Although the building is not situated on a waterfront, its location provides easy access to a variety of green spaces and parks, ideal for outdoor activities and leisure. The surrounding area is characterized by its suburban charm, offering residents a mix of convenience and tranquility. Nearby amenities include shopping centers, schools, and recreational facilities, making Oak Terrace Apartments a practical choice for those seeking a residential address with a balance of comfort and accessibility.

Building Image
Building Image

Oak Terrace Apartments

15834 Terrace Drive, Oak Forest, IL, 60452


Oak Terrace Apartments

YEAR BUILT

1975

# STORIES

3

# TOTAL UNITS

3

UNIT SIZE RANGE

800-1,000 sqft

Description

Oak Terrace Apartments, located at 15834 Terrace Drive, Oak Forest, IL 60452, is a three-story residential building constructed in 1975. The building offers a range of spacious apartments designed to accommodate modern living needs. Each unit is thoughtfully constructed with durable materials, ensuring long-lasting quality and comfort. The architectural style of Oak Terrace Apartments features classic elements typical of the mid-1970s, complemented by large windows that allow natural light to fill the living spaces. Residents can enjoy well-maintained common areas, including ample parking spaces and landscaped grounds that offer a peaceful retreat from urban life. Although the building is not situated on a waterfront, its location provides easy access to a variety of green spaces and parks, ideal for outdoor activities and leisure. The surrounding area is characterized by its suburban charm, offering residents a mix of convenience and tranquility. Nearby amenities include shopping centers, schools, and recreational facilities, making Oak Terrace Apartments a practical choice for those seeking a residential address with a balance of comfort and accessibility.

Next

Description

Oak Terrace Apartments, located at 15834 Terrace Drive, Oak Forest, IL 60452, is a three-story residential building constructed in 1975. The building offers a range of spacious apartments designed to accommodate modern living needs. Each unit is thoughtfully constructed with durable materials, ensuring long-lasting quality and comfort. The architectural style of Oak Terrace Apartments features classic elements typical of the mid-1970s, complemented by large windows that allow natural light to fill the living spaces. Residents can enjoy well-maintained common areas, including ample parking spaces and landscaped grounds that offer a peaceful retreat from urban life. Although the building is not situated on a waterfront, its location provides easy access to a variety of green spaces and parks, ideal for outdoor activities and leisure. The surrounding area is characterized by its suburban charm, offering residents a mix of convenience and tranquility. Nearby amenities include shopping centers, schools, and recreational facilities, making Oak Terrace Apartments a practical choice for those seeking a residential address with a balance of comfort and accessibility.

Oak Terrace Apartments Key Stats Last 12 months

Avg. Listed Price$139,900($175/Sqft.)

Avg. Sale Price$134,000($168/Sqft.)
Year over year list priceUp Arrow40.60%

Year over year sale priceUp Arrow 27.62%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market52 days

Average HOA fees per sqft$4 /monthly
Next

Key Stats

Year over year list priceUp Arrow40.60%

Year over year sale priceUp Arrow27.62%
Total Listings1 Listed

Total sold1 Sold
Average Days on Market52 days

Average HOA fees per sqft$4 /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 1E1E80011522025-01-30
MLS#: 12223189
Closed$134,000
Unit 1E1E80011202024-08-14
MLS#: 12120739
Closed$105,000
Unit R01R01864211282011-08-19
MLS#: 07779964
Closed$68,000
Unit 1E
1E

1 Beds

1 Baths

800 sqft


DateStatusPrice
2025-01-30Closed$134,000
MLS#: 12223189
Days On Market52
Unit 1E
1E

1 Beds

1 Baths

800 sqft


DateStatusPrice
2024-08-14Closed$105,000
MLS#: 12120739
Days On Market20
Unit R01
R01

2 Beds

1 Baths

864 sqft


DateStatusPrice
2011-08-19Closed$68,000
MLS#: 07779964
Days On Market128
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

Tennis Court(s)

Tennis Court(s)

Patio

Patio

Clubhouse

Clubhouse

Party Room

Party Room

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 located in a school-accessible area of , Oak Forest. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and 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|0.72 miles away

Walter F Fierke Education Center

B-
Public|Grades PK–5
6535 Victoria Dr|0.84 miles away

St Damian School

--
Private|Grades PK–8
5300 155th St|0.92 miles away

Oak Forest High School

A-
Public|Grades 9–12
15201 Central Ave|0.95 miles away

Kimberly Heights Elementary School

--
Public|Grades PK–KG
6141 Kimberly Dr|0.99 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
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Description

Oak Terrace Apartments is located in a school-accessible area of , Oak Forest. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and 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

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|1.02 Miles Away

Destiny Program

--
Public|Grades –
6020 151st St|1.05 Miles Away

Project Challenge

--
Public|Grades –
6020 151st St|1.05 Miles Away

Communication Development Program

--
Public|Grades –
6020 151st St|1.05 Miles Away

Deaf/Hard of Hearing Program

--
Public|Grades –
6020 151st St|1.05 Miles Away

Braun Educational Center

--
Public|Grades –
6020 151st St|1.05 Miles Away

Trinity Lutheran School

--
Private|Grades PK–8
6850 159th St Ste ...|1.23 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|1.83 Miles Away

Morton Gingerwood Elementary School

--
Public|Grades 1–2
16936 Forest Ave|1.92 Miles Away

Arbor Park Middle School

B
Public|Grades 5–8
17303 Central Ave|1.92 Miles Away

Transit

Situated in , Oak Terrace Apartments offers convenient access to city-wide public transportation. Nearby Bus, Rail within 2 miles allow for efficient commuting and travel. Strong transit connections enhance accessibility to work, schools, and leisure destinations. This location provides a connected and practical urban living environment.

15840 S Cicero Ave

1.45 miles away|28 min walk

159th St & 71st Ct

1.38 miles away|27 min walk

159th St & Arroyo Dr

0.19 miles away|4 min walk

159th St & Central Ave

0.4 miles away|8 min walk

159th St & Cicero Ave (Metra Station)

1.37 miles away|27 min walk

159th St & Debra Ave

0.62 miles away|12 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Situated in , Oak Terrace Apartments offers convenient access to city-wide public transportation. Nearby Bus, Rail within 2 miles allow for efficient commuting and travel. Strong transit connections enhance accessibility to work, schools, and leisure destinations. This location provides a connected and practical urban living environment.

15840 S Cicero Ave

1.45 miles away|28 min walk

159th St & 71st Ct

1.38 miles away|27 min walk

159th St & Arroyo Dr

0.19 miles away|4 min walk

159th St & Central Ave

0.4 miles away|8 min walk

159th St & Cicero Ave (Metra Station)

1.37 miles away|27 min walk

159th St & Debra Ave

0.62 miles away|12 min walk

159th St & Debra Dr

0.63 miles away|13 min walk

159th St & Forest Dr

1.63 miles away|32 min walk

159th St & Forest Dr (Oak Forest Hospital)

1.63 miles away|32 min walk

159th St & Harlem Ave

1.49 miles away|29 min walk

159th St & Laramie Ave

0.92 miles away|18 min walk

159th St & Le Claire Ave

1.05 miles away|21 min walk

159th St & Lorel Ave

0.74 miles away|15 min walk

159th St & Oak Park Ave

1.11 miles away|22 min walk

159th St & Olcott Ave

1.78 miles away|35 min walk

159th St & Park Center Dr

1.64 miles away|32 min walk

159th St & Peggy Ln

0.24 miles away|5 min walk

159th St & Ridgeland Ave

0.55 miles away|11 min walk

159th St & Rob Roy Dr

0.39 miles away|8 min walk

159th St & Terrace Dr

0.07 miles away|2 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

1.83 miles away|36 min walk

6701 159th St (Ingalls Family Care)

0.91 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

1.16 miles away|23 min walk

Cicero Ave & 149th St

1.87 miles away|36 min walk

Cicero Ave & 151st St

1.72 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

1.54 miles away|30 min walk

Cicero Ave & 155th St

1.49 miles away|29 min walk

Cicero Ave & 157th St

1.45 miles away|28 min walk

Cicero Ave & 159th St

1.45 miles away|28 min walk

Cicero Ave & Waverly Ave

1.47 miles away|29 min walk

Harlem Ave & 153rd St

1.69 miles away|33 min walk

Harlem Ave & 157th St

1.55 miles away|30 min walk

Harlem Ave & 159th St

1.54 miles away|30 min walk

Harlem Ave & 161st St

1.57 miles away|31 min walk

Harlem Ave & Wheeler Dr

1.59 miles away|31 min walk

Oak Forest

1.35 miles away|26 min walk

Oak Forest Metra (15801 Cicero Ave)

1.45 miles away|28 min walk

Oak Park Ave & 163rd Pl

1.25 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

1.71 miles away|33 min walk

Oak Park Ave & 171st St

1.9 miles away|37 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 18.81% are children aged 0–14, 16.95% are young adults between 15–29, 20.09% are adults aged 30–44, 22.13% are in the 45–59 range and 22.01% are seniors aged 60 and above. Commuting options are also varying where 87.27% of residents relying on driving, while others prefer public transit around 3.87%, walking around 2.02%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.61% of units owner occupied and 23.39% are rented. The neighborhood offers different household types. About 25.55% are single family homes and 13.61% are multi family units. Around 25.29% are single-person households, while 74.71% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.62% of residents have bachelor’s degrees. Around 28.51% have high school or college education. Another 10.88% hold diplomas while 8.55% have completed postgraduate studies. The remaining are 32.43% with other types of qualifications.

Next

Demographics Description

This neighborhood indicates a good mix of people which makes it a good place for families. About 18.81% are children aged 0–14, 16.95% are young adults between 15–29, 20.09% are adults aged 30–44, 22.13% are in the 45–59 range and 22.01% are seniors aged 60 and above. Commuting options are also varying where 87.27% of residents relying on driving, while others prefer public transit around 3.87%, walking around 2.02%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 76.61% of units owner occupied and 23.39% are rented. The neighborhood offers different household types. About 25.55% are single family homes and 13.61% are multi family units. Around 25.29% are single-person households, while 74.71% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 19.62% of residents have bachelor’s degrees. Around 28.51% have high school or college education. Another 10.88% hold diplomas while 8.55% have completed postgraduate studies. The remaining are 32.43% with other types of qualifications.

Age Demographics

0–14 Years

18.81%

15–29 Years

16.95%

30–44 Years

20.09%

45–59 Years

22.13%

60+ Years

22.01%

Commute

3.87%

Transit

2.02%

Walk

87.27%

Drive

0%

Bike

Housing Ownership

76.61%

Owner Occupied

23.39%

Rental Units

Household Types

Single Family
25.55%
Multi Family
13.61%
Single Person
25.29%
Multi Person
74.71%

Average Income

Household:$8,842,241.9 /yr

Individual:$3,731,967.18 /yr

Education

Bachelors Degree19.62%
High School College28.51%
Diploma10.88%
Post Graduate8.55%
Others32.43%
Next

Education

Diploma10.88%
Post Graduate8.55%
Others32.43%
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  2. /Oak Forest, IL
  3. /
    Oak Terrace Apartments
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