I though MM was kind of cool when I moved in, but you should realize crime is a real big problem here.
In the past year I've called 911 three different times. I know one person who had a peeping tom. Random people (drunk? crackhead? trying to break in? who knows) have banged on the door late at night. No one leaves bikes locked up outside. And recently, some investigators came to by asking if I had seen a missing woman. The police had found her car in the back parking lot and towed it off, but they haven't found the missing woman.
On the top floor it may not be so bad but I'm not feeling too safe here. Also power bills are really high in summer and winter since the buildings have no insulation.
These people are putting a lot of work into making it look better out here. But it seems to be all cosmetic.
Pros: Haven't been shot (yet)
Cons: Power bills, Crime, loud trains