masiman

That's a pretty hefty bike at 32lbs. Although I couldn't tell you what a more recent hybrid might weigh. I imagine somewhere in the low to high 20's, if I had to guess. The Schwinn has a lot of steel on it. If there is not much rust, chances are it was not ridden much and sat in storage.

The parts against it are the 5 cog freewheel, not impossible to find but not as common anymore. Also the rims are 27". Tire choices are again not as plentiful as 700c, 26" offerings that you would likely have with something newer.

If you just want to tool around some, it would likely be fine. Probably not a large resale market for it. For $45, it's hard to lose sleep over though.