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@Shanghaied
The saddle is a keeper. Possibly the stem too - a lot of quite cheap bikes from the 70's and 80's had nice SR stems. But I can't really make out anything from the pictures.
You can take of the smaller of the two chainrings, since it's simply bolted to the large ring. But you are probably out of luck is you want to change the large one.
Looks like a 700c frame, but that's based on looks.