It appears solid and stock.

“For Sale, 1948 Willys Jeep CJ2 with a soft top: 39,000 actual miles, original engine, runs great and also have the original spare tire., no rust very solid a great vehicle for pulling behind your motor and desert driving or mountain driving. this is a four wheel drive. Asking 4500.00 OBO call Brent at 1-218-947-4640 or cell number is 1-218-838-0947 you will not be dissappointed with this vehicle. come and test drive it.”

http://minneapolis.craigslist.org/ank/cto/1953692624.html