This is an option if you don;t like hygiene!!
We stayed with the kids for 3 nights. Hotel is half block from Michigan avenue @ ONtario street, I have to confess that location made me choose this hotel. This is an old building with extra small rooms (No problem here). The problems were mainly in the bathroom. Toilets should be the least ecological in the world, everytime somebody washed its hands, we had to suffer all the waste since it was soooo clogged. And I stayed for 3 NIGHTS!!! and I had no water pressure in the shower so, shower time was a real nightmare. I reported it at least 7 times and it was until our las t night that someone came to look at it and didnt fix it. Room was cleaned only half way. 
Believe me, pay a bit more or at stay a bit outside the city this hotel is a BAD idea