We had a great stay in Chicago, though of course it was a little different from last year when we were in town! Loved this location! Food first. It's a cute little neighborhood with many convenient dining/take-out options nearby. The loft had adequate kitchen accoutrements. Totto's Market across the street was pretty upscale but had good options for us for quick homemade meals and snacks.
Next, privacy. The loft was certainly not silent but we felt comfortable and private in the available space, even right downtown with all the blinds up. We loved the little patio - also a nice private feel. The downstairs bedroom has a door out to the building hallway and you can hear people moving down the hallway. No big deal once you know what's going on. Our kids took the upstairs loft and said it was comfortable, but be prepared that the A/C vents towards one of those beds. Again, no big deal once you know what's going on.
There is a lot within walking distance, but there is also a Divvy kiosk about three minutes' walk from the building. Very convenient! We took Divvy bikes down to the waterfront one day and to the Field Museum another day.
Finally, some details that are 2020-specific. We were in town during the school year. Our school district is remote for fall 2020, and one of the reasons we picked this location was the wi-fi. We were not disappointed. One kid logged in from the dining room table and another kid from the desk in the loft. Both were good locations for study. Wi-fi and study space are not usually things I care about on vacation, but if that happens to be on your list this year, this location will suit you. Great connection during the school day, fun stuff to do close by when you log off.