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
24,100 SqFt development site zoned B1-3 located at the signalized intersection of 31st street and Indiana Ave. Great location minutes from both Lake Shore Drive & (I-90/9...
- Beds –
- Baths –
- MLS 08713818
Rare custom built all brick r-4 sfh in west town on an over-sized lot. 4 Bd 4.5 ba with full floor master suite. Enormous chef's kitchen/great room combo leading to the b...
- Beds 4
- Baths 4.1
- MLS 08713808
Still time to customize! Exciting opportunity in Blaine/Southport on X wide lot on gorgeous Greenview under 1.3 MIL!!! High end finishes & solid construction quality thro...
- Beds 5
- Baths 3.1
- MLS 08713548
This renovated 4700 sq ft hyde park home offers 6 bdrms, 3.2 bths, 2 fireplaces, hardwood flrs and a finished basement; updated gourmet kitchen w/ cheery cabinets, granit...
- Beds 6
- Baths 3.2
- MLS 08713478
Rare opportunity historic building in perfect condition in wicker park on extra wide lot. Charming picturesque garden/yard. Gut rehab and new addition in 2002. 3Car heate...
- Beds 6
- Baths 5.1
- MLS 08713128
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