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313 Forest Avenue

Sallie And Mark Smylie Sell Frank Lloyd Wright's Hills-De Caro House For $2.3 Million
SOLDSingle Family

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:

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

Eudice Fogel

Compass

Broker

$9.4M

vol

3 deals

Broker

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