Novokuznetskaya Street, previously known as Kuznetskaya until May 7, 1922, got its name from the black Kuznetskaya settlement where blacksmiths lived. It still stands out today with its low-rise buildings typical of Zamoskvorechye, featuring one- or two-story houses of a cozy type that harmoniously fit into the calm lifestyle of the local residents.

At the corner of Novokuznetskaya Street and 1st Novokuznetsky Lane stands the Sveshnikova house. Yelizaveta Dmitrievna, the wife of the famous collector and philanthropist Ivan Petrovich Sveshnikov, a first-guild merchant and honorary citizen of Pereslavl-Zalessky, owned this house. Ivan Petrovich, the director of a fur and timber trading company, was passionate about painting and collected a collection of 287 paintings and 56 graphic works, including pieces by masters such as V. Polenov, K. Makovsky, I. Levitan, and F. Rubo. After his death in 1910, Yelizaveta Dmitrievna donated the collection to the Rumyantsev Museum.

Construction of the house began during Ivan Petrovich's lifetime and was completed in 1913 according to the design of Sergey Flegontovich Voskresensky, who worked in the styles of neoclassicism and modernism. The house is notable for its intimacy and coziness. The corner location of the building allows for two facades in the neoclassical style. The main facade is adorned with two semicircular pediments and a decorative attic with a dormer window framed by pilasters. The windows on the first and second floors have different surrounds, while the second-floor windows are framed by pilasters and sills with dentils. The upper part of the windows is slightly curved, reflecting elements of modernism.

The house attracts attention from the corner due to its arched pediments and elevated attics, creating a tower-like solution at the corner of the building. The side facade, designed in the same style, features an entrance door and demonstrates the asymmetry characteristic of modernism. It is adjoined by a buttress column that previously served as part of the entrance gates.

Ivan Petrovich built this house for his wife Yelizaveta Dmitrievna. He also had another house on Trehsvyatitel'skiy Lane in the Yauza area of Moscow.

After the revolution, the paintings from the Rumyantsev Museum were distributed to various provincial museums, including 45 paintings sent to Pereslavl-Zalessky, the hometown of I.P. Sveshnikov.

The house has been reconstructed, and in recent years, restoration has improved the facade and details. The building is a monument of regional significance.