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The ultimate boxing memorabilia? Muhammad Ali’s childhood home for sale for $50,000

Aug 27, 2012, 3:30 PM EDT

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Ali Childhood Home AP

Like many of us over the age of 30, Muhammad Ali’s childhood home is showing signs of disrepair. In fact, like some of us, it’s downright dilapidated. But the owner of the Louisville landmark is hoping that by selling it he can drum up interest in restoring the house as a tribute to the boxing great.

The mayor of Louisville is hoping for that as well. The price?

Owner Steve Stephenson said Monday he’s asking $50,000 for the small white house with a sagging front porch overhang. The house is situated along a tree-lined western Louisville neighborhood made up of mostly neat, modest homes.

A sign in front of the house says it is for sale by owner. Stephenson declined to provide further details.

“Anything we can do to preserve and expand his legacy, we want to do that,” Louisville Mayor Greg Fischer said. “His home serves as an inspiration for people to look at that and say, ‘If this young guy, why not me?’ “

The house has been assessed at $23,600, so Stephenson is definitely hoping for some of Ali’s mojo to run up the value. He’s missing a sure bet if he doesn’t run a real estate ad that declares: I AM THE GREATEST … charming fixer-upper you will find in the greater Jefferson County area.