# 306

The Balsam

Compact design for affordable living

Brand-new Studio apartment in Grand Marais — now leasing.
Make yourself at home in this brand-new studio apartment, ideally located just off Highway 61 on the west side of beautiful Grand Marais. This thoughtfully designed studio offers an efficient living space in a fresh, modern setting. The community is planning on several outdoor amenities that will be installed in the spring/summer of 2026. Pets are allowed subject to owner approval, a $250 per-pet deposit and $50 monthly pet fee per pet apply. Enjoy the best of North Shore living with comfort and convenience right at your doorstep. The building is expected to be completed and move in ready Mid January 2026. In order to qualify for this apartment, household income must be at or below 60% AMI for Cook County.
Unit Type:Studio
Floor : 3rd
Unit Size : 427 Sq. Ft.

Pet Friendly

Rent Amount : $ 1000
Income Qualified: 60% AMI
What does this mean? Learn More
Deposit Amount : $ 1000

Application fee: $30.00 per applicant (ages 18 and up)

Premium Living Amenities

Income Qualified
Above average size
In wall HVAC
42" Kitchen cabinets
Combo Tub/Shower
Washer/Dryer in unit
Walk-in closets for 1BR units
42″ kitchen cabinets for maximum storage
9′ ceilings
Above average apartment sizes
Baseboard heating individually controlled
Carpeted bedrooms
CAT 6 outlet in living area
Ceiling fans with light kit in all bedrooms provide additional comfort
Combo tub / shower, low maintenance
In-unit stacked washer/dryers (1 & 2 bedrooms)
In-wall air conditioner
Large pantry 
Luxury Vinyl Plank flooring
On-site laundry room for use by Studio apartments
Solid surface countertops
Stainless steel appliances including dishwasher and microwave
Studios have countertop hangover for eat-at-counter
Window treatments in bedrooms and sliding glass doors to patios & balconies
10 minute convenient walk to downtown on City sidewalks
Bike/Hike path running from Grand Marais to Cutface just across 61.
3-story building with elevator
5′ x 8′ patios (first floor) or balconies (2nd & 3rd floors) with exterior lights
All electric
Ample parking with no spaces looking directly into any apartment
Community room on third floor with microwave and sink for use by tenants
Controlled access entry for front entry and keyless apartment entry
Dark Sky community
EV Charging station
First floor units have small fenced yard
Internet connected
Lake Superior views
Landscaping package provides additonal beautification
Mail delivery inside.   No PO Box required
Managed by professional property management company
Market rate and 60% and 80% AMI apartments
Mixture of Studios, 1BR and 2BR apartments
On-site Laundry room for Studio apartments
Planned community amenities
Planned solar panels
Security camera monitoring
Sprinkler system for fire protection
The Balsam

- 427 sq. ft.