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
One-of-a-kind new construction 36' wide 4bd/2.1ba 2300sqft true trophy penthouse w/heirlm-clbr fnshs & almost 3000 sqft of outdoor space incl interior stairs to 2300 sqf...
- Beds 4
- Baths 2.1
- MLS 08684727
**** 3-FLAT ON A 36.1x104 LOT ZONED RM-4.5 BEING SOLD FOR LAND VALUE ****
- Beds 7
- Baths 5.0
- MLS 08684726
2,700+ Sq.ft. W/unobstructed lake views of navy pier & ohio st. Beach, high ceilings, hardwood floors in living area & bdrms, recent remodeled large kitchen, master bath ...
- Beds 2
- Baths 2.1
- MLS 08684576
- Bldg. Lake Shore Place
Gorgeous renovated 3 bedroom 2.1 bath all brick home in Lincoln Park W/3 Bedroom 1.1 Bath English garden rental. Spectacular finishes too many to list! Stunning kitchen w...
- Beds 6
- Baths 3.2
- MLS 08684556
Graceland-West Masonry Home! Over 5300 sf of hi-end designer finishes inside PLUS over 2000 sf of outdoor space on 5 decks! WIDE lot w/tall 3c gar. Kit-grt rm w/ hi-end a...
- Beds 6
- Baths 5.1
- MLS 08683594
Free Daily Email Updates
- Automated home searches
- Favorite properties
- Email updates
- And much more…