So I popped into the local co op and picked up a 1997 Trek 700 Multitrack for $65. I might have overpaid a tad, the cassette was letting the sprockets move in both directions. We took it apart, oiled it up and got it working again. Looks like the wheels are not original but everything else seems to be. It has grip shifters, which I don't mind, but the shifting mechanism seems to get confused between gears in places, probably needs tuning. The running gear is Shimano Altus. Weighs in at 30 pounds. In keeping under my $200 budget, I might look at upgrading the rear cassette and derailleur, but I think I can outfit it with a rear rack and maybe fenders.