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Oakbrook Terrace

Oakbrook Terrace

Located in DuPage County

$436,335 Average Value
$232 Average Price per Sq Ft
2 Homes For Sale

A self-contained residential and commercial "Utopia"

Not to be confused with nearby Oak Brook, the 1.8 square mile city of Oakbrook Terrace began as a quaint farming village in the 1950s called Utopia. As suburban residential and commercial development gradually replaced farmland and paved thoroughfares replaced stone roads, the strong sense of community remained. Bob Shanahan, Chairman of the Oakbrook Terrace Historical Society and member of the Oakbrook Terrace Lions Club, is part of a family four generations strong in the community. “I moved back as soon as I had the opportunity,” he says, “and that’s a common thing that happens in our community... When my kids were learning to ride a bike on the same street I learned, the neighbors came out to cheer and chat. And at the same time, when your kid’s getting into trouble, they’re calling you!”

Visitors know they've arrived when they see Oakbrook Terrace Tower, a 31-story office complex. Along with the neighborhood's seven hotels, the tower provides plenty of meeting space for high-profile companies. With a central shopping hub drawing locals from nearby DuPage County communities, Oakbrook Terrace provides a steady mix of quiet, nature-rich living and commercial buzz just 20 miles from downtown Chicago.

From Little Sprouts to Willowbrook High

Tots can start their education strong at Little Sprouts Early Learning—a preschool program within Oakbrook Terrace's Heritage Center—before attending Salt Creek Elementary School through first grade. They transfer to Stella May Swartz Elementary School, a short walk from home for many residents that receives an A-minus rating from Niche. John E Albright Middle School scores a B-plus and serves kids in fifth through eighth grades. Willowbrook High School, which gets an A-rating, boasts a robust theater program and a long list of accomplished alums from Major League Baseball pitchers to Plain White T's band members.

Exploring the Heritage Center and Lake View Nature Center

The Oakbrook Terrace Park District maintains several vibrant green spaces and indoor hubs. The playground, picnic spaces, regularly stocked lake and softball diamond at Heritage Park are anchored by the Heritage Center, which houses the preschool and Mario Parente Theater, a 130-seat venue. Terrace View Park is home to Lakeview Nature Center, which hosts interactive programs for all ages to learn more about their natural surroundings, and a full-scale Fitness Center available by membership. The William Cizek Walk/Bike Way connects these two parks, making for a leisurely day of exploration.

Celebrating Oakbrook Terrace's heritage and community

Oakbrook Terrace residents keep their schedules full year-round thanks to the efforts of their local government and organizations. Kids hunt for eggs at the Annual Easter Event, driveways fill with old treasures during the city-wide garage sale, and live music brings Terrace View Park to life with the Summer Concert Series. Locals gather around the fire and roast smores during Community Campfires at Lake View Nature Center, while the Heritage Center rents out Mario Parente Theater for private events and concerts. The show continues at Drury Lane Theater, a Chicagoland staple bringing professional and off-Broadway theater to the west suburbs.

Chain fare and local spots on Roosevelt Road

Proximity to the Oakbrook Center shopping mall means that locals can quickly peruse either department store or boutique shopping options. While this option is technically located within the next-door community of Oak Brook, Oakbrook Terrace itself is a proud home to 40 restaurants. Frankie's Deli is both physically and socially central within the community, having been established in 1964 by a local family. The casual vibe and classic American bites at ANYWAY'S Pub make it a great meeting spot for the Oakbrook Terrace Lions Club, and a sweet tooth is satisfied at Stan's Donuts and Coffee, which features a unique selection of doughnut flavors that changes with the seasons. The other options on Roosevelt Road are interspersed with grocery stores, from ALDI to family-owned Pete's Fresh Market.

Oakbrook Terrace subdivision and condos

Most of the neighborhood's homes were built over farmland in the mid to late 20th century, with a few builds from the 2010s scattered throughout. Most homes are pushed farther back from the road to opt for spacious, sun-washed front yards and compact backyards under heavy tree cover. Though sidewalks are scarce, folks take walks to their local park on the wide roads that connect each subdivision. Brick ranch-style homes and Cape Cods neighbor New Traditional and Craftsman-style options, with prices ranging from $285,000 to $500,000. A wide selection of townhouses can also be found in the neighborhood's west end, along with mid-rise condos; these range from $150,000 for a one-bed, one-bath with pool access in Oak Brook Towers to $400,000 for a brick townhouse.

Getting around and downtown from Oakbrook Terrace

With Oakbrook Terrace Tower within eyeshot from most angles and headquarters of companies like Redbox and the Joint Commission nearby, some residents won't have to commute far for work. Endeavor Health Elmhurst Hospital is also just 2.5 miles away. As for getting downtown, locals can head north to Villa Park to take the Union Pacific West Line or south to Hinsdale for the BNSF Railway train. Pace bus routes line Roosevelt Road as a closer alternative for downtown travel—and with Interstates 88 and 294 interchanging near the neighborhood, drivers have an easy 15-mile ride to Chicago O'Hare International Airport. “Within minutes you can be on 88, 294, 295 and on the way to Wisconsin, Indiana or Iowa,” Shanahan adds.

Oakbrook Terrace: A small-but-mighty city

Despite its smaller size, Oakbrook Terrace is distinctly a city. “It’s got all the committees of a city running the public works and other departments,” says Shanahan. “It's got all those things you’d want in a big city, but with much lower taxes—one of the lowest in the area.” Because of its many perks, homes go fast and those interested can face some steep competition.

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Emma Downes
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Nathan Allen

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Oakbrook Terrace Housing Trends

Housing Trends

Median List Price
$335,000
Median Sale Price
$317,000
Median Single Family Sale Price
$445,000
Median Townhouse Sale Price
$720,000
Median 2 Bedroom Sale Price
$291,200
Median Change From 1st List Price
1%
Last 12 months Home Sales
11
Median Home Sale Price YoY Change
27%
Average Price Per Sq Ft
$232

Neighborhood Facts

Number of Homes for Sale
2
Months of Supply
2.20

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Oakbrook Terrace Has More Renters

Demographics

Total Population
3,913
Median Age
39
Population under 18
20.3%
On par with the national average
23.8%
Population over 65
19.8%
On par with the national average
19.1%

Finances

Median Household Income
$76,731
Above the national average
$71,702
Average Household Income
$82,914

Education and Workforce

High School Graduates
97.9%
Above the national average
89.1%
College Graduates
49.2%
Above the national average
34.1%
Advanced Degrees
18%
% Population in Labor Force
65.8%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
35''

Area Factors

Bikeable

Bike Score®®

57 / 100

Somewhat Walkable

Walk Score®®

61 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Oakbrook Terrace
Gene Villamiel
Villa Miel Realty, Inc.
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