Thanks for the tips. Even though the chrome is bad, the frame is pretty much rust-free.
Anyone want to offer rim suggestions? I'm thinking of just going budget on this right now, and getting some cheap BMX wheels. Should be easy to locate a front one, but the rear hoop will have to be a 28h to match the hub. I've already got some brakes, so once the wheels are sorted, I just need to mount a seat, sort out the bars, and hopefully it will be rideable.