Fantastic and quiet location in Old Town. Felt like a very safe neighborhood also. We used the very reasonable 3 Day CTA pass for unlimited bus & "L" train use (which also includes to /from ORD), as well as Lyft / Uber. As with most older cities, a car is simply a liability & headache IMO. I cannot think what you would need one for. Sedgwick Brown Line station is 7 mins walk and the lake is at the end of the street! Farmer's market on Wednesdays & Saturdays 5 mins walk away. Really enjoyed old school Italian American at Orso's (10 mins walk) and the legendary comedy club Second City (10 mins walk). The apartment was very spacious (2 levels) and the bed was incredibly comfortable. Recommended.
One other tip: Look into Bounce luggage storage if you arrive too early to check in (multiple locations, but bypass the N. Halsted 7-eleven location).