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 of mind, 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 is being offered with three separate buildable lots, giving you outstanding flexibility--develop them individually, build a larger shop, expand, or keep the entire property as a spacious 1.05-acre homesite and enjoy the room to grow.A wet weather creek runs along the back of the property, and flood insurance is required on the home. Detailed flood coverage information is available in the additional documents, or your agent can provide specifics upon request. This is a rare opportunity to own a solid home with land, upgrades, and future development potential--all in a convenient Aurora location.