Crewguy , around here we need info to help, we do not have crystal balls or the mind machine from the Forbidden Planet, we generally do not torture poster for info extraction. In the future please supply more info like all the data off the compressor ,tank, and motor name plates.
Not into IR fan either, but the old T30s are quality. Issue with the pictured is you have no idea what would be required for a rebuild, compressor parts are not cheap. I suspect the unit is newer than it looks. At the minimum, the compressor would need to be disassembled, new gaskets, likely bearings at a minimum. At a minimum, you have a couple full days work if it requires a bare basic rebuild. If you get this for free or close to it, it may be worth it, especially if you like restoration projects.
Then again Sberry may be offering hard earned wisdom.