My stay here was what I needed! It reminds me of having an apartment with roommates or a hostel that is made of private rooms instead of shared, dorm-like beds.
The room and place were clean and had the necessary amenities for my week stay. As for public transportation, the place is a bit far from the L, but there are two bus lines (one 2 minutes away, another 10 minutes away) that will get you downtown to do your touristy things or to help you transfer to the L to continue other explorations. The neighborhood felt safe to walk in although I haven't tried at night. As for noise, I did stay during the pre-July 4th holiday so the neighborhood at night popped fireworks throughout the dang week but during the day, it was nice and quiet like a Sunday morning. With roommate noise, if you are a light sleeper, I suggest bringing earplugs or play some white noise as you can hear when folks shower in #3 or walk above you. There are no quiet hours so heads up if you are sensitive to noise.