Cheers to the Near West Side: Funkytown Brewery Lands $3.7M City Grant to Build New Tap Room
By Socialhood News · Il/Chicago/Near West Side ·
Near West Side residents have fresh reason to raise a glass — and soon, they'll have a brand-new spot to do it. Funkytown has received a $3.7 million grant from the City of Chicago, with the money earmarked to create a new brewery and tap room right here on the Near West Side. The investment signals growing city confidence in the neighborhood as a destination for homegrown, community-rooted businesses — and gives local craft beer lovers something exciting to look forward to on their own block.
The brewery grant is just one more sign of a neighborhood on an upward trajectory. The Near West Side Chicago housing market is showing steady growth as 2026 continues, with the median price for attached single-family homes reaching $420,000 — a 5.0% year-over-year increase — highlighting continued buyer demand in one of Chicago's most dynamic and conveniently located neighborhoods. Attached homes in Near West Side remain attractive for buyers who want urban living with easy access to downtown and major employment hubs.
From a city-backed craft brewery to a booming real estate market, the Near West Side is drawing investment from all directions. Keep an eye on community boards and the West Central Association Chamber of Commerce for updates on Funkytown's opening timeline — and get ready to be among the first through the doors of what promises to be a beloved new neighborhood gathering spot.
Sources:
1. https://www.cbsnews.com/chicago/tag/near-west-side/
2. https://www.optionpremier.com/blogs/february-2026-near-west-side-chicago-housing-market-update-attached-home-prices-420k-50-growth