In 1909, spouses Lyubov Vasilievna and Alexander Ivanovich Shamshin began the reconstruction of a recently acquired estate on Znamenka. Architect N.N. Blagoveshchensky developed the project for a six-story income house with facades facing Znamenka and Starovagankovsky Lane. However, A.I. Shamshin found the decor of the house too cluttered, and he commissioned architect F.O. Shekhtel to create a new design for the facade and interior decoration. Thus, the house had two authors: the layout by Blagoveshchensky and the decor by Shekhtel.

Shekhtel emphasized the corner of the building, where the two facades connect with a corner bay window topped by a turret, echoing the belvedere of the Pashkov House, creating an interesting visual perspective. The bay window seems to be supported by a column with a capital adorned with a relief in the shape of a burdock. The facade features strict decor without excess, the rhythm of which is varied by vertical bay windows. Different finishes highlight the horizontal accents: the first two floors are covered with cement plaster resembling stone, while the remaining four are made of glazed brick. Previously, the decor was richer due to a ribbon balcony encircling the top floor, with railings resembling small river waves. The wall surface was complemented by small balconies on the middle floors. Currently, only the decor of the entrance, canopy, vestibule, and grand staircase has survived. This house was one of the first to be equipped with an elevator, and the grand vestibule is still adorned with masks of women in Egyptian style.

The balcony railings previously resembled products from factories, one of the owners of which was Alexei Ivanovich Shamshin. He was a partner of merchants Alekseyev and Vishnyakov in a new venture for Russia, the production of cable. In 1907, the gold-plating factory of the Moscow partnership 'Vladimir Alekseev' and 'P. Vishnyakov and A. Shamshin' switched to producing copper rolled products and cables for low currents. With the growing use of electricity in households, the demand for such products significantly increased.

In 1917, the factories were nationalized, and the house was confiscated from the owners, resulting in the facade losing much of its decor. In the 2000s, a new owner, who bought an apartment in the penthouse, added another floor with a round belvedere, distorting the visual perspective and disrupting the harmony with the Pashkov House.