Originally Posted by bikemig

Cool bike and nice find. You will want new tires and tubes for this bike. Other than that you will want to overhaul the bike (new ball bearings and grease for the hubs, bottom bracket, and headset) and replace the consumables (that includes the tires/tubes and also the cables and housing and brake pads). Plus you just want to clean it up. Once you've done that you have a new old bike that you can pretty much ride forever. Old Schwinns were made to survive the zombie apocalypse.