Active Listing  ·  781 days on market

1309 Chicon St #202

Austin, TX 78702
$205,700
1 Bed 1 Bath 650 sqft $316/sqft Built 2025 0.69 acres Pool Habichts

The Ivory, an innovative mixed-use condominium project, elevates sustainable Austin living to a new level. Its 40 work-force-rate condos range in size from 435sf to 650sf, ranging in price from $211,200 to $216,450. Buyers of these units must qualify under the City of Austin affordable housing program. Contact developer for details & more information about purchasing.

Most units offer balconies & stunning, expansive views west (downtown, Capitol) and east. Project features include: E-bike/mobility credit; car sharing vehicles for owners; fully stocked exercise room; solar coverage for 90% of anticipated electric usage; covered rooftop amenity space; 1st floor courtyard with trees, plantings & benches; secure keypad entry to gated building; ample bicycle storage; available on-site storage spaces; and three locally owned commercial spaces on the ground floor.

All units offer stylish, contemporary finish-out and feature 9-foot ceilings; double-pane, low E energy efficient windows; quartz countertops; GE stainless steel appliances; Pfister faucets; stainless kitchen sink; and tiled kitchen backsplash—all designed by KRDB, one of Austin’s preeminent modern architecture firms.

Construction to be completed by late July, when viewings can begin. Please contact Developer.

At $316/sqft, this home is 19% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1309 Chicon St #202, Austin, TX 78702

Property Details

Price $205,700
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 650 sqft
Lot Size 0.69 acres (30,012.84 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Habichts
County Travis
Zip Code 78702
$/sqft $316/sqft
Days on Market ,
HOA $243/Monthly
Annual Tax Est. $236.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT122919392
List Date June 24, 2024
Elementary School Campbell
Middle School Kealing
High School McCallum
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2401 Manor Rd #119
East University Place
$215,000 $262 2 bd / 1 ba 820 sqft , 2026-06-05
2931 E 12th St #206
East End Flats Amd
$215,000 $330 1 bd / 1 ba 651 sqft , 2026-08-13
2401 Manor Rd #217
Avent R G 03 & 07ac Ofland Olt
$190,000 $238 2 bd / 1 ba 800 sqft , 2026-06-18
1118 Northwestern Ave #A
East Village Condo
$224,000 $467 1 bd / 1 ba 480 sqft , 2026-06-05
2931 E 12th St #201
East End Flats Amd
$224,999 $334 1 bd / 1 ba 673 sqft , 2026-07-17

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$987/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$41,140
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$987
Principal + Interest−$1,123
Property Tax (~2.1% TX avg)−$360
Insurance (~0.5%)−$86
Est. Monthly Cash Flow $-582

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on July 24, 2026.

📞 (254) 718-2567 [email protected] More about Luke →