MLV Properties Plans 37-Unit Lincoln Square Development in Chicago

• MLV Properties is advancing plans at 2648-2658 W. Lawrence Ave. in Chicago, where a five-story mixed-use building would replace an existing one-story commercial property.
• The project would deliver 37 apartments, including seven affordable units, along with more than 2,900 square feet of retail space and 13 parking spaces.
• Construction could be completed in late 2028 if the project receives the necessary city approvals and zoning change.

MLV Properties Advances Lincoln Square Development

Plans are moving forward for 2648-2658 W. Lawrence Avenue, where MLV Properties wants to replace an existing one-story commercial building with a five-story residential and retail project. The site sits at Lawrence Avenue and North Washtenaw Avenue in Lincoln Square. The building would rise approximately 58 feet and add new housing and commercial space to an established neighborhood corridor.

 

 

37 Apartments and Ground-Floor Retail

The proposed development would include 20 one-bedroom units, 16 two-bedroom units and one four-bedroom apartment. Seven residences would be designated as affordable. The ground floor would feature more than 2,900 square feet of divisible retail space, while a rear garage would provide 13 vehicle parking spaces. Select apartments would also include balconies, with a small rooftop deck planned for residents.

Community Feedback Shapes the Plan

MLV Properties presented the proposal to the community and plans to incorporate feedback into the design. Changes include a mural facing Gross Park, fully electric building systems and design accommodations for a potential restaurant tenant. The project will now proceed through the city's approval process, with completion targeted for late 2028 if plans move forward as expected.

What Investors Should Watch

For landlords and investors, the proposal reflects continued infill development in Chicago's established neighborhoods, adding residential density while retaining ground-floor commercial space. The combination of market-rate housing, affordable units and retail gives the project a diversified mix as Lincoln Square continues to attract new development.