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I don't think anybody could fairly say "OMG U OF C" or "OMG WASH U" without more info on who you are and what you imagine is the ideal college experience. I think the schools have a lot of overlaps and a lot of differences, so you could conceivably be equally happy at either.
I personally would prefer UChic, just cause it's in a more popular location where there's more graduate recruiting. However, it really depends on what you plan on majoring. UChic is probably better for liberal arts while WashU is for medical fields.
I would also say go with the University of Chicago. It is just more reputable and Chicago is a great city. The campus is absolutely gorgeous and it is simply the better known of the two. Also, I know a Chicago undergrad that went Ivy League, Stanford, Berkeley for grad programs.
As described by many, Washington University while honorable and prestigious, is only known as an emerging(last 25-50 yrs)regional power. The University of Chicago on the other hand has a much richer history and most importantly it is world renowned for being an intellectual powerhouse for more than a century. From pioneering economic axioms to inventing sociology. The University of Chicago is not simply a college that you "attend" but rather a college that you are part of. The choice is rather simple with this perspective in sight.