Oak Terrace Apartments

About Oak Terrace Apartments

Oak Terrace Apartments sits at 15818 Terrace Drive in Oak Forest near the corner of Terrace Drive and 158th Street. The building is a 3-story low-rise Condo with 7 units. The site faces a residential block with sidewalks and street trees. The address places the property within a short drive of town centers. Built in 1975, the building has 1 and 2 bedroom units. Unit sizes range from 950 to 1050 sq ft. Floor plans use direct layouts and clear room separations. Heating and cooling tend to follow the original systems. Entry doors open to short interior corridors on each floor. Recent sales ran from $122,000 to $160,000 and the average closed price is $160,000. The average price per sq ft based on sold listings is $160. Homes spend 39 days on the market. Price trends show steady interest for the smaller inventory of 7 units. The building has a park, a patio, tennis courts, a pool, a clubhouse, and a party room. Outdoor space links to common terraces and the pool sits near the clubhouse. Tennis courts sit to one side of the grounds. The party room serves small events and resident gatherings. Thorn Creek runs near the property and adds open green corridor to the neighborhood. Local businesses close by include Bella Flowers, La Finca Grill, and Jamaica Jerk Choice. These shops sit within a short drive and provide food and services to residents. Street access makes errands and dining runs straightforward.