File:Krause Music Store Building, Lincoln Avenue, Lincoln Square, Chicago, IL - 52523493828.jpg

English: Built in 1922-23, this Chicago School and Sullivanesque-style building was designed by William Presto and Louis Sullivan, and was the last significant commission by Louis Sullivan before his death. The building predated the buildings around it, with early photos showing it standing alone along Lincoln Avenue prior to the construction of the adjacent Wilson Apartments and Jeanel Building. Built to house the Krause Music Store, the building was constructed to be the residence and music store of William P. Krause, whom lived in the building and operated the store until 1929, with Krause occupying the upstairs apartment until he passed by his own hand inside the apartment in 1931 due to his finances and business being ruined by the Great Depression. The building then was rented and eventually sold by his widow, serving as a funeral home from the 1930s until 1990, seeing the first floor facade altered and the terra cotta facade acid washed. In 1990, the building was purchased by Scott Elliott, whom restored the facade and operated a business known as Klemscott Galleries in the first floor, with the space being occupied around the turn of the millennium by a gift shop known as The Museum of Decorative Arts. In 2006, the building was purchased by Pooja and Peter Vukosavich of Studio V Design, who moved their offices into the building after an award-wining restoration of the facade and rehabilitation of the interior.

The building features a front facade clad in terra cotta panels, with sullivanesque details, including a large central band of ornamentation with a wreath-like sculptural element at the parapet, with a tree trunk-like element below that runs to a large ornament at the center of the facade above the recessed section of the first floor, which features a large crown of leaves around a central geometric shape, and a smaller branching element above the second story-windows. The facade also features leaded glass casement windows, decorative trim around the windows, a recessed retail shopfront with two Craftsman-style doors, a row of lightbulbs on the wall and ceiling of the recessed section of the facade, a tile floor at the recessed entryway and storefront window, and decorative panels with alternating geometric and botanical motifs. The interior of the building features a first floor retail space which has been configured as offices, with an apartment for William P. Krause and his wife on the second floor, with the interior of the building and all other elements except for the facade being the work of William Presto. The interior has been stripped of some of its original detail after decades of various owners and uses, but does maintain much of its original plaster, woodwork, and doors. The rear of the building was heavily renovated and modified during the 2006 renovation and restoration, seeing the rear wall on the first floor opened up with a large glass storefront to a landscaped courtyard behind the building, and a contemporary metal stair being added to allow easier access to the second floor.

The building was listed on the National Register of Historic Places in 2006, and was designated as a Chicago Landmark in 1977.