The location is perfect to travel around Downtown Chicago. Public transport is very easily available with a very short walk.
The room size is enough for 2 people who just want to stay the night, but the room does not look anywhere close to what they have in the pictures. The room is not well lit and if you are unlucky to get a room close to the elevator shaft then you will hear constant noise through the walls all night.
The bed and the sheets are below average.
Overall the room itself isn't worth more than $40 given the size, the quality of bed, lighting and the noise levels. I would suggest the hotel staff to be a little more polite and also do something about having better sheets and a mattress.