The Prince Vladimir Church was founded in 1888 in honor of the 900th anniversary of the baptism of Rus by Prince Vladimir, thanks to the funding from merchant Vasily Andreyevich Litvintsev. It was popularly known as the "white" or "Litvintsev" church. The church's design was developed by architect Vladislav Kudelsky at Litvintsev's request.

The monastery opened on July 28, 1903, in the Znamenskoye suburb of the city.

During the Russo-Japanese War of 1904-1905, the monastery housed a Red Cross hospital. A men's almshouse, a church-teacher seminary, and a men's school also operated at the monastery. Litvintsev bequeathed 400,000 rubles in silver for their establishment. The church-teacher school opened in 1900 and accepted graduates from church-parish schools for a three-year course. In 1905, the school for 50 students was transformed into a seminary and moved to a new building. Additionally, a two-year model school for 75 students operated at the monastery, where strict discipline with corporal punishment was enforced. An almshouse also functioned.

The monastery existed until 1922 when it was closed. After that, its territory housed an NKVD cavalry regiment, an orphanage, and a geological management laboratory.

In the late 1990s, the monastery buildings were transferred to the Irkutsk Diocese, and the monastery was restored.

In April 2001, crosses were installed on the church's domes, and in September 2002, the restoration of the Prince Vladimir Church was completed.

Today, the monastery functions as a parish church.

The Prince Vladimir Church actively hosts the "Samaritan" Free Legal Aid Center, which provides assistance in civil, housing, labor, family law, and social security law matters. The center also addresses specific issues in administrative, tax, and criminal law.