Versatile space, valuable updates, and future potential come together at 1201 S Madison Ave in Aurora. This 1,872 sq ft home offers 4 bedrooms and 2.5 baths,featuring two living areas, a wonderful, functional kitchen, and hardwood floors that add warmth and character throughout. Major improvements provide peace ofmind, including a new roof in 2024 and HVAC replaced in 2021. Outside, you'll find a detached 24x30 heated shop, perfect for hobbies, storage, or a workspace.The property has three separate build-able lots available for additional cost (See Parent MLS Listing #60312353). Buy one, two, or all three, these options give you outstanding flexibility--develop themindividually, build a larger shop, expand, or keep the entire property as a potential 1.05-acre homesite and enjoy the room to grow. A wet weather creek runs along the backof the property, and flood insurance is required on the home. Detailed flood coverage information is available in the additional documents, or your agent canprovide specifics upon request. This is a rare opportunity to own a solid home with upgrades, and even future development potential--all in a convenient Aurora location.