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“Red,” from the Japanese punk band Peelander-Z, crowd surfs during a recent show at The Funhouse. The punk rock club and dive bar, known for its affordable shows seven-nights-a-week and eclectic underground bands, is closing its doors on Oct. 31. The venue, located near the Space Needle, will be demolished to make way for a seven-story apartment building. The Funhouse opened in 2003, and has been a bar for 65 years, said employee Cyndi Goodman, married to owner Brian Foss. “A lot of bands get their first shows here,” Goodman said. “We have live music here every night and we’re able to take a chance on them.” The owners currently are looking for a new location. “We’ll find another place to sell booze and have music,” Goodman said.