Great location for a great price! 7 minute walk to State Street and a 5 minute walk to the bike path on Lake Monona! For going to and from campus I usually use a bus stop on State & W Johnson which is about a 7 minute walk away.
I should note however that electricity is not included and will cost roughly $40/month through MGE. Wi-FI is also not included and will cost $70/month through Charter if you want it. There is one off-street parking space available for $75/month.