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To have a house that is anything short of a literal tear down I would think would be a win. Ugly, seriously dirty, in need of new sinks and showers, that's all easy. If the problems aren't structural in nature and I was one of the unhoused chapters at IU, I'd have been on the horn about this one already. And the landlord would have to be interested. Converting it to apartment style housing would cost him a lot of money. Converting it to a sorority house probably wouldn't cost him much at all, if anything, since you could probably get the sorority to cover a big chunk of it, if not all of it. The pictures to me say it needs some TLC, paint, curtains, carpet. None of this is cheap, but it is a house on campus, near other fraternities (and sororities, hopefully?), and appears to hold a reasonable number of members. It's still probably not going to sleep the 100+ that the sororities do, but I think it could be perfectly respectable.
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"Traveling - It leaves you speechless, then turns you into a storyteller. ~ Ibn Battuta
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