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
Finally on market bring your investors, developers. No showings until further notice. Drive by only send your offers.
- Beds 2
- Baths 1.0
- MLS 08715539
Amazing opportunity to build your dream home in wrigleyville - southport and addison - beautiful block with many new million dollar plus home, this is a corner lot, multi...
- Beds 6
- Baths 3.0
- MLS 08714876
Luxury Boutique Bldg in Ogden School District! Nearly 3300 sq. ft. custom home boasts 3BR/3.5BTHS. Entertain on 3 private terraces w/S, W & E views, Expansive Chef's kitc...
- Beds 3
- Baths 3.1
- MLS 08685132
- Bldg. Elm Tower
Extraordinary views of Navy Pier with unbounded lakefront vistas on perfect 30th floor*Gracious living spaces throughout and a chef's kitchen that includes Subzero, Bosch...
- Beds 3
- Baths 3.0
- MLS 08714436
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
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