Residential development planned at 5056 N. Ashland

A residential development is in the works at 5056 N. Ashland in Ravenswood. Planned by Mackinaw Development LLC, the project site located at the southeast corner of N. Ashland Ave and W. Carmen Ave. The site includes a vacant lot at the corner and two existing structures that would be demolished to make way for the development.

The project will consist of a six-story building with a total of 32 residential units, 17 parking spaces, bike parking, and no commercial space. The project will provide six affordable units in the building to meet ARO requirements.

On the ground floor, the residential entry and lobby will face W. Carmen Ave and is flanked by storage, building utilities and two two-bed apartments at the northwest and northeast corners of the building. The south half of the floor plate will be indoor parking for eight cars plus bike parking and nine additional exterior car parking spaces will be located along the alley.

On the upper floors, there will be six apartments per floor with all of them having two-bedroom layouts and private balconies. A rooftop deck would potentially be included for residents' use.

To allow for the scope of the development, the project team is seeking to rezone the site from RS-3 to B2-5. Approvals will be needed from 40th Ward Alderman Vasquez, Committee on Zoning, and City Council. Alderman Vasquez is hosting a virtual community meeting to discuss the project on September 2nd.