This prominent historical building was constructed in the 1870s by Cherkasy entrepreneurs Fedir Lysak and Mykhailo Harkavenko. It represents the late historicist architectural style with classical elements, typical of urban development in the late 19th century. Until the 1917 revolution, it served as a tenement house – a type of income-generating property where apartments were rented out to city dwellers. In the 1920s–1930s, the building was repurposed to host classrooms for the Cherkasy Infantry School, which trained military officers. At that time, the structure was expanded toward the Dnipro River, altering its original layout. During this period, it became one of the key sites of Soviet military education in the region.

During World War II, the building housed a German military hospital, and following the liberation of Cherkasy, it served as a Soviet military hospital. Shell damage from the battles of 1943 is still visible on the side wall and is commemorated with a memorial plaque. In the 1960s, the building briefly hosted the newly established Hulak-Artemovsky Music College. Since 1964, it has housed Cherkasy Children’s Music School No. 1 named after Mykola Lysenko – still active today. The house retains much of its original appearance and remains a culturally significant heritage landmark in the city of Cherkasy.