The M.L.S. stands for the Multiple Listing Service. There over 900 MLS Services across the United States and the Chicago MLS is MRED LLC (formally MLSNI and MAP before merger to form MRED). It is the 3rd largest MLS system in the Country.
Are you looking to Get Listed on the MLS?
Berg Properties is a memeber of the MRED which covers the Chicago Metro area and all its suburbs throughout northern Illinois parts of central Illinois, some areas of Northern Indiana and Southern Wisconsin.
MLS systems were founded to help real estate agents list properties in a central repository so all REALTORS, regardless of the specific realty company they worked for, could collaborate and share listing information.
The MLS reduced market times and helped insure that REALTORS would get paid a commission if they found buyers for a property that another REALTOR had listed.
Traditional REALTORS charge anywhere from 3%-7% commission to market a property in Illinois. Commissions are negotiable. They split that amount with the buyer's broker. The most common commission offered to a buyers broker
(cooperating commission) in the Chicagoland area is 2.5% but commission amount varies from company to company and listing to listing.
The MLS has taken advantage of the internet by allowing consumer websites like Realtor.com, chicagotribune.com and other real estate type search engines pull information off the their system and post properties for sale nationwide to increase exposure.
Available Listings on the Chicago Metro MLS
5 Units plus 4br/2ba owner's duplex = six family income cash flowing titan! Google & uber moving in next door & not enough rental units available in this hott west town a...
- Beds –
- Baths –
- MLS 08793204
Investor's dream. All units rented until mid 2015. Southport corridor. Building gutted to the studs in 2014. All units have stainless steel appliances/front load washer/d...
- Beds 7
- Baths 6.0
- MLS 08760168
Vacant corner parcel, 20,855 sq ft, zoned b3-2. Developer willing to sell the site with plans for 20-unit + commercial building, build-to-suit or provide ground lease. ...
- Beds –
- Baths –
- MLS 08791728
Wrigleyville three flat on block with multi million dollar homes. Three large sunny apartments plus a finished basement. Approximately 3520 s.f. not including the baseme...
- Beds 8
- Baths 4.0
- MLS 08792246
Unique opportunity to acquire a one-of-a-kind home. A penthouse with unobstructed 360 views of the entire downtown skyline (Lake Michigan, Monroe Harbour, Millenium Park...
- Beds 4
- Baths 3.1
- MLS 08792233
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