Great place to save a buck
I chose this hotel because everything downtown was booked up for the weekend, and they were about $250+ for anything available. I stayed here for less than $100 and took the "L" into the city in the mornings.
Hotel was pretty clean, not too many bells and whistles. But the service was great. They have frequent shuttles to the airport (Midway) which is close by, and they shuttled me to the "Orange Line" to catch the L as well.
Train ride into downtown was about 30 minutes, but only costs $.75 each way. Taxi is about $30-$40 from what I hear. I loved riding the train and it felt safe, even at 11 pm on the way back.
There really isn't much to walk to from there, except a few stores and a couple chain restaurants and a movie theater.