LOCATION, cannot be beat. If you want to be out and about and cover grounds on foot, this is it.
A left turn away from what feels like the the top of Frenchman St. (where the older, vibrant, jazzy scene is) and ON Royal St. (the most beautiful street in NOLA in my opinion) - the princess of Monaco had a house on this street (now turned into restaurant, cafe, art gallery, etc). Also a very short walk from Borboun (where Mardi Gras takes place). Can even walk to the Louis Armstrong park (lots of culture here too).
Not to mention sharp and vibrant feel to the house itself. Everything about the house is also great.
Just do it.