
15816 Terrace Drive 3W, Oak Forest, IL 60452
Cook County
Key Facts
Description
Welcome home to this beautifully maintained 1-bedroom, 1-bath condo offering approximately 700 sq. ft. of comfortable, low-maintenance living in desirable Oak Forest! Step inside to find new luxury vinyl plank flooring throughout, creating a modern and inviting feel. The bright, open living area flows seamlessly into the dining space featuring a breakfast bar, perfect for casual dining, entertaining, or your morning coffee. The spacious bedroom offers generous closet space, while the full bath is clean and well-maintained. Relax on your private balcony or take advantage of the community outdoor pool, ideal for enjoying warm summer days. Conveniently located near shopping, restaurants, parks, Metra, and major expressways, this move-in-ready condo is perfect for first-time buyers, downsizers, or anyone seeking affordable, maintenance-free living. Don't miss this opportunity-schedule your private showing today!
Property Information
Property Type
Residential
Sub-Type
Condominium
Year Built
1974
Stories
3
Living Area
700 sq ft
Lot Dimensions
COMMON
Parking Spaces
1
Ownership
Condo
Days on Market
7
MLS® Listing#
12695499
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Laundry
Construction
Foundation
Roof
Windows
Other Structures
Sewer
Rooms
- 5X10Main
- Bedroom 2
- Bedroom 3
- Bedroom 4
- Dining Room7X7Main
- Family Room
- Kitchen6X7Main
- Laundry
- Living Room22X18Main
- Master Bedroom11X17Main
Schools
- Elementary:
- Scarlet Oak Elementary School
- Middle:
- Arbor Park Middle School
- High:
- Oak Forest High School
- District:
- Oak Forest High School
Financial Details
HOA
$200 / Monthly
Annual Taxes
$1,591
Tax year 2023
Parcel Number
28174120561073
Directions
159th St. to Terrace, Turn left into complex, wind through complex to 15816
Affordability Calculator
$24,980
Estimated monthly payment
$665/mo
Principal $99,920 · Est. interest $139,397 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oak Forest, IL
- $309,659
- Median Listing Price
- 33
- Median Days on Market
- 1,422
- Median Sq Ft
- $210
- Median Price / Sq Ft
- 523
- Active Listings
- This home’s price is 60% below the area median.
- Its price per sq ft is 15% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oak Forest, IL.
Location
- 15816 Terrace Drive 3W, Oak Forest, IL 60452
Points of Interest in Oak Forest, IL
Showing the Oak Forest area map.
Nearby Schools
Scarlet Oak Elementary School
Elementary · 0.4 mi away
Lee R Foster Elementary School
Elementary · 0.7 mi away
Fierke Education Center
Elementary · 0.8 mi away
St Damian School
School · 0.9 mi away
Oak Forest High School
Secondary · 1.0 mi away
Jack Hille Middle School
Secondary · 1.0 mi away
Kimberly Heights School
Elementary · 1.0 mi away
Deaf/Hard of Hearing Program
School · 1.0 mi away
Trinity Lutheran Church and School
School · 1.2 mi away
Homewood Christian Academy
School · 1.4 mi away
Arbor Park Middle School
Elementary · 1.4 mi away
Forest Ridge School District 142
Elementary · 1.5 mi away
Ridge Early Childhood Center
School · 1.5 mi away
Hope Montessori
Elementary · 1.8 mi away
Fulton School
Elementary · 1.8 mi away
Bright Visions Learning Academy
School · 1.9 mi away
Arbor Park Middle School
Secondary · 2.0 mi away
Morton Gingerwood Elementary School
Elementary · 2.0 mi away
Al Ibda3 Center
School · 2.0 mi away
Kruse Education Center
Elementary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 222 Miami Street, Park Forest, IL | $99,000 | 3 | 1 | 953 |
| 9720 S Pulaski Road 308, Oak Lawn, IL | $100,000 | 1 | 1 | 650 |
| 346 Waverly Street, Park Forest, IL | $104,000 | 3 | 2 | 1,170 |
| 314 Lathrop Avenue 604, Forest Park, IL | $109,000 | 1 | 1 | 650 |
| 368 MAIN Street, Park Forest, IL | $110,000 | 2 | 3 | 1,802 |
| 66 Marquette Street, Park Forest, IL | $110,000 | 3 | 1 | 1,348 |
Moving Cost Estimate
EXIT Agents in Oak Forest
Listing Courtesy: Infiniti Properties, Inc. - 7082063000
Last Updated: 2026-07-05














