You cant beat the location. It is close to the lake, in the heart of old town and feet away from Chicagos great food and bar scene. That being said, it is very loud. The noise does not settle down until 12am/1am.
Location is the only plus, there were definitely a few things that were not as great. First being the shower. There is a window in the middle of the shower that faces another apartment, so anyone can see you bathing! Very uncomfortable. This could easily be fixed by putting film on the window or blinds that fit/cover the entire window. Instead there is a very small "make shift" blind that doesnt cover the entire window. So be prepared to bathe with the whole neighbor watching. Not to mention, there was no hot water. Other then that, the apartment is fine for a short visit for 1-2 ppl.