Here are the places I drove by today: (warning images open new windows)
I need to make appointments with realtor's to see both places, but what's immediately clear is that the fixer upper would be a much nicer place if I had the time and motivation to put a whole lot of work into it. On the other hand the yuppie suburban looks about ready to move into now. They're in almost the same neighborhood (the yuppie is in a slightly better location) and about the same price (an extra $5K for the yuppie).
I'm definitely gonna have to think about this. Opinions?