It's a chic hotel/hostel in downtown Chicago that is literally a mile away from the Magnificent Mile. I stayed two nights and paid $50. This is absolutely unbeatable.
Personally, I had researched and knew what I was signing up for. It is a small shared space with 4 beds, a couch, table, and full bathroom. I personally found the bathroom large and the shower was nice. The cleanliness is dependent on who you share a room with - not the hotel. I always had clean towels, the bed was cozy, and parking was affordable ($38/night with in and out access). I also felt very safe.
You absolutely cannot beat the price. I highly recommend for solo travellers who are just looking for a bed (even though Freehand offers a lot more).