I've never been a huge Surly fan, but I bought a Karate Monkey off Craigslist a few weeks ago. It was built as a singlespeed with a lot of nice parts and the price was right. I needed (read: wanted) a bike to tow Madeleine around and figured this was a good start.
The KM, as I bought it, was built as a singlespeed and had a bunch of high-end items including Mr. Whirly cranks, Surly hubs, an ENO "Trials" freewheel, and more. I kept the frame, fork, headset, handlebars, seatpost, and stem and ebay'd the rest. At that point, I was in it for a whopping $50. Not bad considering the frame/fork alone retail around $500 and were in "like-new" condition.
If I hadn't had to deal with the previous owner's use of red loctite, this would have been one of my better CL buys. Seriously, who uses RED loctite on bike parts!?! Still, the end result is a pretty nice ride:
older 950 series XTR shifters/levers and derailleurs (the front being key for a KM)
BB7 disc brakes
new XT cranks
new XT hubs laced to Mavic 719 29er disc rims rolling Maxxis Overdrive street tires
Thomson post/Bontrager seat (with Travis' special touch)
Ritchey Pro bars/stem
Cane Creek S-8 headset
9 speed Ultegra 12-25 cassette to make it fast
my favorite WTB dual compound grips
OK, so it's not Madeleine's bike... but she does get to ride behind it!
I finished this little project a couple weeks ago but weather and time prevented a test ride. When today's high hit the mid-60 mark, I hooked up Madeleine's trailer and we were off. We zig-zagged through a bunch of side streets and eventually found our way over to Grant's Trail and the playground at the trailhead. One of Madeleine's baby's kept her company and both really seemed to enjoy the ride, pointing out dogs and other bikes along the way. The big slide at the playground was an even bigger hit.
I can't wait for the weather to get warmer! I imagine Madeleine and I will be making many trips to the Custard Station while Mom deals with #2.
A few pics from todays ride:
Dad's new ride:

Madeleine's stylin' Duck (or "Crazy Chicken"?) helmet:

Pre-ride prep:

Q: "Dad, are you sure about this?"
A: "Yes Madeleine, we're cool.":

And we're off!:

And we're back!: