The Income House of the Stroganov School was built on Myasnitskaya Street between 1904 and 1906 according to the design of architect F. Shekhtel. In 1901, the school was granted the title of Imperial, and in honor of its 70th anniversary, it was given ownership of the property on Myasnitskaya Street (house 24). The income from this site was to be directed to the school's fund and used for the repair and maintenance of the art and industrial museum.

In 1902, architects F. Shekhtel and I. Zholtovsky proposed a project for an income house that the school could build with its own funds. Although a competition was initially announced, the construction of the house was ultimately entrusted to Shekhtel.

In 1906, a five-story building in the shape of an open trapezoid appeared on the site between Myasnitskaya Street, Bankovskiy Lane, and Krivokolenny Lane, designed by Shekhtel and his assistant A. Kuznetsov. The architect decided not to enclose the courtyard around the perimeter, avoiding the effect of a well courtyard, and ensured good ventilation and lighting of the premises. A park was laid out in the courtyard, and the building became an example of rational land use.

The facade of the building, facing three streets, is designed as a single line with smoothly rounded corners. The external facades are clad in earth-colored tiles, harmonizing with the ceramic panels on the third and fifth floors, as well as the window inserts. The panels are made in the style of the graphics of the artists of the 'World of Art' and depict parks from the classical era. All panels were created based on the designs of F. Shekhtel.

Above the entrance to the inner building, a ceramic panel with the monogram of the Stroganov School, made according to the design of F.F. Fedorovsky, has been preserved. The two lower floors of the building are allocated for shops and offices, while the upper floors are residential.

By 1910, the first floor housed representatives of major firms such as the 'Putilov Factory Society', 'Ferryin Partnership', and the 'Remington' typewriter company. The building was home to architects I. Rerberg and N. Kurdyukov, Arabist scholar A. Krymsky, and the family of the future founder of the Puppet Theater S. Obraztsov.

After the revolution, the building housed the Main Administration of Electrical Engineering, where the 'Lenin Plan for the Electrification of Russia' (GOELRO) was developed. During the Soviet era, the director of the Vakhtangov Theater R. Simonov lived here. Currently, the building is used for offices and is no longer residential.