Inherited two buildable lots

[Troy Forney]

I have inherited two lots that were my Great Grand Fathers.   They are probably a C- area Lake Station, IN just outside Gary, IN.  They are zoned residential and need to be cleared as they have been untouched in 50 years.  We do own 1 property near here we bought for.  Area supports up to around 200k for best homes.  I would like everyone's opinion on what the best option would be.  I would like to keep them, since they have been for roughly 100 years, but not the best area.  Income would be ideal.  We can clear the land and sell the lots, worth about 10k each.  Building a 1000 sf home 3/1.5 on a crawl and no garage can be done for about 120-130k.  Rent would be 1400 to 1500 a month conservatively.  Thought about trying to find a used manufactured home and bringing it over there.  New modular also an option.  I would have to hold a mortgage on all of these options.  Any suggestions would be appreciated.