streetcar flats logo different font

Downtown Milwaukee’s Underwriter’s Exchange Building to Become 75 Apartment Units Along The Hop Route

Developer Paul Dincin has announced plans to convert the historic Underwriters Exchange Building in Downtown Milwaukee, situated along the city’s new streetcar line, into around 75 apartments.
The building will be renamed Streetcar Flats, and renovations are set to begin in February, with the apartments expected to open by spring 2020.

The building is already zoned for high-density residential use, so it will not require Plan Commission and Common Council review.
The building was purchased by two Catapult Realty affiliates for $1.25 million in April.

According to Dincin, the new streetcar line is a positive factor for the building’s location. The Hop, which had its grand opening on November 2, runs through downtown and the Historic Third Ward from the Milwaukee Intermodal Station to Burns Commons.

Dincin supports The Hop and sees it as a good investment for the future direction of downtown.

The building, originally constructed in 1923 in the 20th Century Commercial style, will be restored by Catapult to include co-working space on the first floor, game room, lounge, party room, theater, storage lockers, and bike storage with a repair rack.

Remodeling plans include restoring the original terrazzo floors and lobby molding that has been uncovered. Dincin noted that top-floor apartments will have views of Lake Michigan.

Read the full article on the Milwaukee Journal Sentinel

Milwaukee Public Market

Milwaukee Public Market

Milwaukee Public Market is a feast for the senses! The industrial-chic building is home to a curated selection of local delights, from freshly baked goods and artisanal cheeses to savory meats, fresh produce, and ready-to-eat Read More »

Fiserv Forum

Fiserv Forum

Fiserv Forum is the newest arena in Downtown Milwaukee. More specifically, in the Deer District. Home to the Milwaukee Bucks and Marquette University Golden Eagles, it hosts many events and concerts 12 months a year. Read More »

Red Arrow Park

Red Arrow Park

Red Arrow Park is a city green space with lush lawns, inviting benches, and, to top it all off – a seasonal outdoor ice-skating rink. Red Arrow Park Access The wheelchair-accessible parking lot and entrance Read More »

Milwaukee Art Museum

Milwaukee Art Museum

In 1888, Frederick Layton erected an art gallery adjacent to Cathedral Square, while other community-minded individuals established the Milwaukee Art Association, which later became the Milwaukee Art Institute. In 1957, the Layton Art Gallery relocated Read More »

About Streetcar Flats

Streetcar Flats is Downtown Milwaukee’s Newest apartment community located at 828 N Broadway. Streetcar Flats incorporates modern luxuries with the vintage charm of our hundred-year-old landmark building. What was once the Underwriter’s Exchange Building is now Streetcar Flats, your future home in Downtown Milwaukee, perfectly located along The Hop’s M-Line, Milwaukee’s new streetcar system. 

View Our Other Articles!

Fun Things to Do in Milwaukee

Milwaukee’s Top 5 Restaurants

Fun Things to Do in Milwaukee

Boo at the Zoo

Discover Milwaukee

Downtown Milwaukee Bookstores

Fun Things to Do in Milwaukee

Bastille Days

Accessibility Tools
hide

Rental Criteria

INCOME
One Adult – Gross income must meet or exceed 3 times the apartment rental rate. Roommates – The combined gross income must meet or exceed 3 times the apartment rental rate. If you are self-employed or retired, you must provide your most recent tax filing or consecutive bank statements from the past six (6) months to verify your income.

CREDIT HISTORY
Your credit score must meet or exceed six hundred fifty (650). You will automatically be denied rental if any monies are owed to a previous landlord or management company. If you owned a home and it has been foreclosed upon, you will be denied rental. If you have been sued in an attempt to obtain a monetary judgment against you within the last five (5) years you will be denied rental. If you have a monetary judgment against you that is older than five (5) years you must have legally satisfied that judgment or you will be denied rental.

PREVIOUS HOUSING
A verifiable history of apartment rental or mortgage payments. If there is no verifiable housing and you are a first-time renter, a Guarantor will be required, along with a security deposit of one (1) month’s rent. Any previous eviction judgment is an automatic basis for rejection of an application. Any negative reference from a prior landlord will cause you to be denied rental.

OCCUPANCY STANDARDS Maximum limits are as follows:

  • Studio: 2 individuals maximum
  • 1 Bedroom: 2 individuals maximum
  • 2 Bedroom: Not to exceed 4 individuals with no more than 3 unrelated adults
  • 3 Bedroom: Not to exceed 6 individuals with no more than 3 unrelated adults o
    • Children under the age of 2 are not included in the calculation


GUARANTOR(S)

Should an applicant not qualify in terms of credit history, the applicant, at the discretion of the landlord, may have the lease guaranteed by another party. Guarantor(s) must meet or exceed the rental criteria as stated above.

Each Guarantor must provide sufficient income verification equal to three (3) times the amount of the rent to guarantee the apartment rental.

CRIMINAL BACKGROUND
If applicant has been convicted of illegally manufacturing or distributing a controlled substance as defined in sec. 102 of the Controlled Substances Act (21 U.S.C. 802) their application will be denied.

If applicant is subject to a state lifetime sex offender registration program their application will be denied.

If applicant has not been otherwise disqualified based on the above factors, and the applicant has been convicted of a felony or released from custody or supervision for a felony conviction, whichever occurred later, within the last six years, or a misdemeanor within the last three years, and the crime shows a demonstrable risk to tenant safety and/or property, their application may be denied after consideration of the nature and severity of the crime, the applicant’s age at the time of the conduct, and the amount of time that has passed since the criminal conduct occurred. Other factors may be considered on a case by case basis. Applicant shall provide any mitigating information or documentation that he or she would like to be considered regarding any criminal convictions.

*If management is unable to verify any information on your rental application, including but not limited to your prior rental history and employment, you will be denied rental. If you misrepresent your application information, you will be denied rental.

Date Started Using: May 16, 2023