Tulsa probably isn't too much different than DFW, and $10K around here will usually get you good rental grade rehab for a house that size, IF the roof, foundation and HVAC are good and you don't have to replace all the appliances & cabinets.  

If this has been happening for years you've probably got a rotted sill, which is the where the wood sits on the concrete.The wood will wick up water above the water line, inside the wall and you'll get rot and mold in and on the walls.I'm going to guess that over the years, erosion from the hill has left the ground level behind the garage higher than the slab elevation, and you've probably got a negative grade, meaning the dirt from the hill slopes to the garage, not away from the garage.

That could be a real pain to rewire and update.Plumbing is the next issue with lead pipes, I'd take the drains and water supply to PVC and PEX for your runs above grade would be great for your cold weather.Just thoughts on old building issues, but can they be nice?

It is 24"x24" block, 22 feet from grade to cap.Any idea what it would cost to veneer with stone?

I now build our own cages, the steel I use is a high grade burglar bar steel that I use in Defense & Government building jobs.

It does take time, it does take management to bring valuations up, it may take repairs and improvements, but that's just a dead simple as a concept, it's 101, almost like I financed my Kool-Aid stand, no, that was more complicated, got money from mom, let a neighbor kid join in with his money, sold drinks, paid back mom, paid back the neighbor kid and his profit, used his table and chairs and I kept the rest, around the 3rd grade I think.

The only way to fix a structural crack correctly is extremely expensive, it involves removing the concrete around the crack, compacting the sub grade, doweling the existing concrete and pouring new.

Next check the grade.

Replacing all of the windows with wood clad or builder grade vinyl or not at all. 

The tax assessor has 2,304 above grade.