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Hi Nicole,
I live in Chicago, just south of downtown in an area called Bronzeville. Where on Michigan avenue are you? I'm on 31st Street.
I'd recommend that you check out neighborhoods like Lincoln Park, Bucktown, and Wrigleyville. This is where many of my co-workers live, and they seem to like it. If you are looking for an area that's a bit more diverse, then check out Hyde Park. This is south (55th Street) along the lake. It includes the campus of the University of Chicago.
Also, if you are looking to buy then the South and West loop areas are rapidly appreciating. These areas are already getting expensive, but you can still find places for reasonable prices that will be worth quite a bit down the line.
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