The church, whose initial construction date is unknown, was rebuilt in 1652 after a fire.
Because the structure of 1652 was damaged, the church was rebuilt in 1895.
The inscriptions state that the architect of the structure was Vasilios Tsilenis and that thanks were given to the patriarch of the period.
It is recorded that the school to the northeast of the church complex ended its educational activity in 1957.
It is stated that the congregation of the church diminished because of the ruptures of the 20th century.
Prominent Features:
The church belongs to the Greek Orthodox Patriarchate of Istanbul.
The structure is also known as “Kumkapı Ayia Panayia Elpida Greek Orthodox Church” and “Panayia Elpida Church.”
The structure is arranged on the east–west axis with a Greek cross plan; the central dome covering the naos rises on a high drum, and the transition to the dome is provided by pendentives.
The dome is carried by two piers and two columns; there are two bell towers on the north and south of the structure.
With its cut-stone mass and decorated bell towers, it is regarded as one of the prominent examples of eclectic architecture in post-Tanzimat Istanbul.
It is located within a courtyard enclosed by high walls; it is recorded that there is a holy spring in the courtyard.