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I'd paint it with some epoxy basement paint and call it good. Thats what I did to an old house I sold last fall, it came out pretty good. Cost me $150 and a days work. Roll it on heavy, don't be shy.
The only way to really fix it is a ton of work. Jackhammer the old slab out and pour a new one. My uncles partner did it once on a house in West Haven, its horrible work.
If you get water in the basement, no paint or sealer is going to fix it.
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