From 1926, in the area of the colony, residential buildings were erected with favourable loans of the Treasury and at first, the owners of the houses were exclusively associated with the University of Belgrade.

Most of the buildings in the Professor's Colony were created on the basis of standardized projects which were built by the architects Svetozar Jovanović, Mihailo Radovanović and Petar Krstić at the beginning of 1926.

The project of the house of Milutin Milanković was also signed by the architects Jovanović, Radovanović and Krstić.

The facades were simple, but in terms of architectural and urban value, it represents the exponent of the idea of colonies or garden cities.

The maximum value of the house lies in the fact that Мilutin Milanković (1879–1958) lived in it, a famous person not only of Serbian but also of world science, professor, academician whose interests ranged from mathematics, through building construction and reform of the Julian calendar, to the famous geophysical theory, such as the astronomical theory of the glacial era.