A cantilever parking lift system having columns and a platform includes a lift mechanism employing a vertically movable dynamic cross chain sheave assembly positioned adjacent a column, a vertically movable static cross chain sheave assembly positioned adjacent a second column, a cross chain extending from the first base and functionally engaged with the dynamic cross chain sheave assembly and static cross chain sheave assembly and to a block assembly housed in a base, wherein the block assembly is movable along a length of the first base and operable to raise the dynamic cross chain sheave assembly, and wherein the cross chain extends beneath and transversely across the platform. An actuator is positionable in the base, rather than in or around the vertical column.