Good location, safe neighbourhood, small but clean room
Just came back from my 4 nights at this hotel. It was good for the price that I bid for $75/night. I think it is a bargain at that location. It is convenient, Whole foods, MacDonald's close by, and Red-Chicago Subway station is only a couple of blocks away. The N. Michigan Ave., is also a few blocks away. 
The room was quite small but clean. They also provide H2O bath products which I thought was excellent. There was one dubious report of bed bugs in the bed bug registry so I checked the bed thoroughly when I arrived and there were none to be found...Yay! 
There were some previous reviews about a church opposite the hotel that provide free meals for the homeless, and required a pass to get into the hotel after 9pm which I thought was totally untrue. You need a hotel card to operate the elevator after 9pm that's all, I had no problem getting into the lobby after mid-night and there is always somebody at the front desk at night. 
Also, they forgot to mention that there are a couple of very high-end condo buildings just across the road from the hotel.
However, what they said about the bathroom sink was true, I don't know what the designer was thinking, it looks chic but totally impractical. The sink is so shallow that you will have a hard time putting a glass under the tap. Also the room was very small, definitely not enough for 2 people. It was just slightly bigger than my single room in Florence, Tokyo and Osaka. And yes, I keep banging my knee against the bed frame like other reviewers have said and the air conditioning was very noisy, fortunately, I didn't have to turn it on most of the time. And my window was facing the building under construction next door so there was no view whatsoever. Thank goodness that they don't seem to be working on that building at all otherwise I think it will be very noisy during the day.