Do you like ethnic food? Independent restaurants, beer, theatre, and music? Lots of sunlight? A big, beautiful place tastefully decorated, comfortable, and in the middle of some incredible activity near the University of MN? Then stay here. It was better than we expected. While there was some city noise, it ended up being part of the appeal, (I generally don't like noise when I sleep, so it really wasn't too bad) and truthfully the windows dampened a lot of the noise if you shut them.
Do you hate stairs? Do you dislike any city noise at all? Then keep looking. You will have to climb some wooden stairs outside and this is, quite simply, right in the middle of much of the best of what the Cities has to offer in terms of independent food, theatre, and music. So there will be some noise.
The bottom line: It is one of the few airBNBs we have had (and we have stayed at a lot) that we would go back to. It's just a gem.