I agree with a lot of what has been mentioned here. For free I'd say go for it. I'm thinking that this would be a good piece to practice with all those things that they tell you "not to do" with old machines. Alcohol, Ammonia, 409, etc. It looks like the underside wood pieces are in decent condition. Unfortunate that those drawer fronts were painted. Here again something to practice on. I was thinking how many times/things that they tell you to practice on a sample. Quilters practice on a similar quilt sandwich, knitters make swatches, woodworkers test stain.
Janey - Neat people never make the exciting discoveries I do.