dude that's what conversions start off as. it has to be converted. lose the kickstand
if your trying to stay cheap, slap a cog on useing the rotafixa method until you can build up a wheel (or order one later). you can get a cheap cog/free shipping here:
https://shop.sunrisecyclery.com/item/11147/
lose the safety (suicide) brakes and rap the handlebars with a sh*t load of orange h0cky tape (2bucks) to give it a nice clean look
you can get some tires at nashbar, these are 9 bucks:
http://www.nashbar.com/profile.cfm?c...eid=&pagename=
all it needs is some love, and an overhaul. and you can scrub away that seat post rust easy