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Look for rust around the rocker panels, the cab corners and the front fenders. Another big factor for me would be original parts. What is there and what isn't. Is the motor correct for the truck. Does all of the running gear work correctly? I would also make sure all of the body panels are correct for the year such as front fenders and hood, grill and such. Some people have mixed and matched parts from different years. It will work but it's not correct for a true restoration.
Electrical problems are not hard to sort out for these trucks. Just about any part you could think of is still available and they are very easy to work on.
I can't really help with the value since I'm not from that area but here in Portland Oregon I would say maybe $1500 if it's all there. They are pretty common around here.
Scott
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1969 GMC 3/4 Ton Long Bed Fleetside
350, 4 speed manual, P/S, P/B, Edelbrock 1406 Carb
Beaverton / Portland Oregon
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