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Residential
Chicago

Mansion in Chicago suburb of Hinsdale mansion sells for $7.5M in off market deal

The seller was a trust on behalf of the late Frederick Krehbiel, the former CEO of Molex, a Lisle-based electronic components company his grandfather founded in 1938.

505 S County Line Rd, Hinsdale, IL 60521 (Google Maps, iStock)
505 S County Line Rd, Hinsdale, IL 60521 (Google Maps, iStock)

A Hinsdale mansion sold for $7.5 million, making it the second-highest priced home to sell in the western Chicago suburb in recent years.

The deal was off market, and was listed on the Cook County Recorder of Deeds on May 19. It’s unclear which agents represented the buyer and seller.

The seller was a trust on behalf of the late Frederick Krehbiel, the former CEO of Molex, a Lisle-based electronic components company that his grandfather founded in 1938. Krehbiel died in 2021 at 80.

Few details of the home are public because it was sold off market. Real estate sites put the home at seven bedrooms, 3.5 bathrooms and about 11,000 square feet. The home was built by Lemuel Freer at the turn of the 20th century, according to the Hinsdalean. Freer was the son of real estate developer L.C. Paine Freer. The home, which was designed by David Adler, originally had a third floor that included a ballroom and a boxing ring, but that floor was removed in 1934.

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Including this property, eight Hinsdale homes sold for at least $4 million in the past three years. A mansion there sold for $7.7 million last year, the priciest residential deal in the region and highest ever for the village, easily topping a previous high was $5.5 million.

The buyer was an LLC created to hold the property; it’s unclear who is behind it. A lawyer associated with the LLC didn’t respond to a request for comment.

Krehbiel was the nephew of legendary Chicago White Sox owner Bill Veeck and was born near Downers Grove, Illinois, according to an obituary by The Chicago Tribune. In 1965, Krehbiel joined Molex and established the company’s international division and later oversaw the company’s $7.1 billion sale to Koch Industries Inc. in 2013.

After retiring, Krehbiel purchased Ballyfin, a 19th century estate in Ireland. He restored the 35,000-square-foot mansion, which is about 60 miles southwest of Dublin, and turned it into a hotel.

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HinsdaleLuxury Real Estate