Honcha Street is one of the oldest and most beautiful streets in the city, which has retained a large number of buildings from the late nineteenth to early twentieth centuries. The building for the Boys' Trade School was erected in 1905 at the expense of local patrons Lyzohub, Gutman and Markels. It is a two-storey house with red brick in the pseudo-Russian style. The premises were rented by the Teachers' Institute, which today is a National University. At that time there were only twenty-two students, a director and six teachers. Before World War II there was a Jewish school.

Now students of Chernihiv College of Economics study here, the building retained its function.