This hostel is located in Chicago's small Greektown neighborhood. It's a ten minute walk from the Loop and the Sears Tower and just two blocks from the nearest L station. There's free breakfast and wi-fi. There are always people in the common room if you're looking to socialize.
On the flip side, the rooms are a little dingy, and the beds are squeaky and a little uncomfortable. The atmosphere is pleasant though, and the location is excellent. It's close to major roads, the Loop, and the train, but the neighborhood is peaceful and quiet. It's a great value too.
Location: 310 South Halsted Street
Telephone: (304) 268 8981
Price: Dorms start at $23/night; private rooms start at $54/night.