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
Gorgeous Brick 5 unit building on giant oversized lot-just off the Lake! Meticulously cared for! Stunning 2800sqft owners unit with 4 huge 1&2 bdrm fully-leased rentals (...
- Beds –
- Baths –
- MLS 08592629
Amazing and very rare opportunity for a teardown on a double lot in the heart of Bucktown! Build a home of your dreams or rehab existing structure which currently includ...
- Beds 4
- Baths 2.0
- MLS 08592711
Absolutely exquisite complete renovation of historic home.Double&extra deep corner lot w/amazing yard&tons of light.Beautiful finishes,gorgeous millwork.Main floor w/gra...
- Beds 5
- Baths 3.1
- MLS 08592977
Rarely available southeast corner residence at full amenity olympia centre. This custom designed home exudes great style and comfort. Top finishes throughout. Custom mill...
- Beds 1
- Baths 2.1
- MLS 08592090
- Bldg. Olympia Centre
LEGACY AT MILLENNIUM PARK.Architecturally significant Tower by SCB.Ultimate Elegance. 1, 2, 3 & 4 BR units complete w/ Sub Zero, Snaidero, Bosch, Miele, Wolf & others.Dra...
- Beds 3
- Baths 2.1
- MLS 08592055
- Bldg. The Legacy At Millennium Park
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