If you're a Chicago resident then you are truly spoiled for choices here.
Rooftop restaurants, speakeasies, sports bars, and more are all advertising New Year's events. If you're throwing your own party then your best bet is to reserve a space well in advance. For lakefront views the entire Near North Side offers excellent options for a party. You can even rent a party boat through Chicago's First Lady that cruises along the city's canals and ends along the lakefront. Where you can then listen to the countdown and enjoy fireworks blazing across the skyline.
And don't forget Chinese New Year, just a few weeks later, depending on the lunar calendar. Chinatown will be ablaze with live music, exciting events and spectacular fireworks during the New Year, making it the perfect place for a follow-up party.