Sallie And Mark Smylie Sell Frank Lloyd Wright's Hills-De Caro House For $2.3 Million
313 Forest Avenue
$2,300,000
Building Size
—
Asset Type
Single Family
Closing
Apr 2, 2026
AI
The asset involved in the transaction is a single-family home located at 313 Forest Avenue in Oak Park. It was sold for $2,300,000 and was previously associated with Frank Lloyd Wright, featuring six bedrooms. This sale represents a new regional record for a Wright-designed home, surpassing the previous record set by the Winslow House in 2024.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,300,000
- Seller: Sallie & Mark Smylie
- Buyer's Representative: Cynthia Howe Gajewski - Beyond Properties
- Seller's Representatives: Eudice Fogel, Jayme Slate & Pamela Linn - Compass
The transaction saw Sallie and Mark Smylie as the sellers, represented by Compass agents Eudice Fogel, Jayme Slate, and Pamela Linn. Cynthia Howe Gajewski from Beyond Properties represented the buyers, who are committed to preserving the historic integrity of the home.
Players
Oak Park Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93