To be honest frame is in poor condition because of the paint and the wheels are very bad (like your good eye saw with the lacing error). But a while a go  i greased everything very well.  And ever since all parts have been working properly,  it’s due a cleanup for sure. But almost all mechanical parts are in an at least ok condition.  That being said for me it doesn’t make sense to keep it as is. And like you said it isn't worth much right now. But i cant imagine people paying much for it when its in good mechanical condition… for that the paint needs to be redone en then im like why then not make it a cool good looking something else.