Looks like it's been riced out at one point, but if you can get under $2k, it's not a bad deal. Just expect to have to put some money back into it right away.
With any non-enthusiast owned E36, I would just plan on having to replace all the bushings, ball joints, cooling system, shocks, etc.
1998 BMW 328is
1966 Pontiac GTO
2007 Subaru Impreza 2.5i 5-door
View my photos: Caught in the Wild