Freehand is an incredible deal right in the heart of everything in downtown Chicago. I had a queen size room with private bath. It was stylish and very clean. Also, they have a kitchen in the basement with shared fridges, microwave and stove (no oven). This proved to be the real saving grace for my budget. Also, I met some cool people from all over the world.
A few things to think about for those planning to stay a long time (I was there 8 days). The bed is very, very low to the ground. Also, my sheets were not changed until I asked. Strangely, I was not given enough shower gel each day and I just gave up and bought my own.
It's important you know this is a hostel/hotel catering to a young, energetic and loud crowd. Noise complaints will be met with, "Would you like a pair of ear plugs?" Still, because of the incredible price and location I would recommend staying here.