The building, erected in the early 20th century, became the first shelter for many residents of Yaroslavl who did not have their own housing. It was conceived by Mikhail Petrovich Sakin, a first-guild merchant from Yaroslavl, as an income house, with apartments intended for rent. The history of this unusual house began in 1902 when a petition was submitted to the construction department of the Yaroslavl city administration, changing the fate of the properties on Neticha Street in Yaroslavl. This street was traditionally built up with merchant mansions. The merchants and owners of industrial enterprises, occupying an important place in city life, determined key issues of improvement, education, and healthcare in the city. Thanks to the tastes of the wealthy merchants, a new artistic style, Art Nouveau, emerged. This style was universal and synthetic, characterized by diversity, complex and flowing forms, a pursuit of unique solutions, as well as adherence to the concept of stylistic unity and attention to detail.

Art Nouveau, relying on ancient Russian samples, transformed them, creating not just forms, but a mood and an ideal environment that influenced the spiritual world of a person. Although the period of Art Nouveau in Yaroslavl was short, it left a noticeable mark on the architecture of the city.

A special type of Art Nouveau construction is the income house. In the early 20th century, the construction of income houses in the new style peaked not only in Moscow but also in Yaroslavl. During the enthusiasm for Art Nouveau among the Yaroslavl merchants, Sakin's income house was built. During the construction work, the house underwent a number of changes, and in 1907 a new petition with modified drawings was submitted to the city administration. The layout of the front garden also changed, acquiring smooth lines characteristic of the new style. The core of the internal layout of the building was a grand staircase with wrought iron railings and marble steps. The overall finish of the interior included a variety of stucco decor with plant motifs and original panel doors. Special attention was paid to the decoration of the apartment of the house owner, Mikhail Petrovich Sakin. Documents indicate that the doors were adorned with carvings, and natural stone was used for the windowsill. Unfortunately, information about the internal layout of the apartments has not survived. Archival documents provide insight into the purpose and inhabitants of the house. The sharp increase in the city's population with the development of industry made renting housing extremely profitable. The income house was intended for different social strata, so the sizes of the apartments and the level of comfort varied. In six apartments of Mikhail Petrovich's house lived citizens of different means. The income house had its own special life, and it can be assumed that its residents knew each other, forming certain relationships. They were connected by a common yard, corridor, kitchen, and toilet. Scenes could unfold in the house, with cries and whispers of its inhabitants heard. The house knew no secrets. All the secrets of the house left with its inhabitants, preserving only one about the owner, who specifically extended the balconies to secretly meet with his beloved. Mikhail Petrovich Sakin, the landlord, not only built the income house in the Art Nouveau style but also provided the tenants with a minimum of social and household services, installing decent furniture, stove heating, electric lighting, and kitchen stoves.

Mikhail Petrovich was the first of eight children of Pyotr Alexeyevich Sakin, a first-guild merchant from Yaroslavl, founder of the bleaching and weaving factory, now the Red Weavers' factory, and Sekletia Mikhailovna Sakin, a Yaroslavl petty bourgeois. He was born in the village of Makarovo in the Rostov district in 1878 and was baptized there in the Precursor Church. He grew up at the factory near the village of Karabikha in the Krestobogorodskaya volost of the Yaroslavl district, where the family moved in the early 1880s. At eighteen, he won the favor of neighboring entrepreneurs, owners of weaving factories. Together, they resolved the issue of establishing a common hospital for the three factories, built on the territory of the villages of Nogotino and Ershovo in the Yaroslavl district.

In the autumn of 1896, Mikhail Petrovich represented the factory at the Nizhny Novgorod All-Russian Fair, where the enterprise's products were awarded a silver medal. In 1900, he built a building for an elementary factory school, nicknamed the 'Green School,' now the Krasnotkatskaya School, becoming its caring trustee. He went through the entire journey from the school's inception to its transfer to the Soviet authorities in 1918.

Mikhail Petrovich was an educated man, loved books, and had a large library. His passion for horses, especially thoroughbreds, eventually became a lasting interest. He was a member of the 'Yaroslavl Society of Horse Racing Lovers' and the 'Society for the Promotion of Trotter Breeding,' building stables on the factory grounds where he cared for his favorites.

In 1905, Mikhail Petrovich was elected by the parishioners as the elder of the Kazan Mother of God Church in the village of Bogorodskaya Krestobogorodskaya volost of the Yaroslavl district, now the village of Karabikha. He donated 3000 rubles for the church's repairs and showed care for the parishioners. For his charitable activities, he was awarded a gold medal on the Anna ribbon.

In 1910, he was elected chairman of the fire brigades of the volost. In 1916, along with his brother Alexey Petrovich Sakin, he was involved in the charitable society that assisted wounded soldiers.

In early 1918, the factory of the Trading House 'Heirs of P.A. Sakin' was nationalized. On October 3 of the same year, Mikhail Petrovich was arrested by the Yaroslavl provincial Extraordinary Commission. The newspaper 'Yaroslavl Provincial News' reported on the red terror against opponents of the workers and peasants. Hostages were held in the former income house of Sakin, where the Yaroslavl provincial Cheka was located. The fate of the hostages was tragically resolved, and what happened to Mikhail Petrovich remains unclear. Archival documents seem to have erased his name from the history of Yaroslavl. After the revolution, the apartments of Sakin's income house were transferred to state institutions, and to this day, state institutions are located in the house. The owner of the house shared the fate of many Russian entrepreneurs.