Level Development Proposes 56 Unit Mixed Use Project at 2565 West Madison Street in Chicago

• Level Development is planning a 56-unit mixed-use project in the Near West Side
• The project includes 3600 square feet of retail and 11 affordable units
• The development will replace a vacant lot pending approvals

What Level Development is planning in the Near West Side

Plans have been revealed for a new mixed-use project at 2565 West Madison Street in Chicago. The development is being led by Level Development and will transform a vacant lot into a five-story residential building. The project will deliver 56 units, consisting of one-bedroom and two-bedroom layouts. Of these, 11 units will be designated as affordable, aligning with city housing requirements. The site sits near a key intersection on the edge of Garfield Park, positioning it within a growing corridor for new development.

What the design and layout signal for investors

The building will rise approximately 60 feet and feature an L-shaped design with ground-floor retail space totaling 3600 square feet. Parking for 20 vehicles will be located in the rear garage. Units will include private balconies in select layouts, and the design avoids bedrooms with borrowed light, improving livability and marketability. The mix of residential and retail uses supports diversified income while maintaining a mid-scale footprint.

What this means for Near West Side development

This project reflects continued interest in infill development across Chicago’s Near West Side. Developers are targeting underutilized parcels to bring new housing supply to emerging neighborhoods. The inclusion of affordable units and neighborhood retail aligns with broader city development goals. For investors, smaller-scale mixed-use projects like this can offer steady returns with lower development risk compared to high-rise construction.

What to watch as the project advances

The development will require city approvals and rezoning before moving forward. Acquisition of the city-owned land is also a key step. As the project progresses, timelines and construction plans will provide more clarity on delivery and market positioning.