Is anything known about $\Omega_3(BG)$, where $G$ is an arbitrary compact Lie group; i.e., is it possible to describe the structure of $\Omega_3(BG)$ for any compact Lie group? I know that $H_3(BG)$ consists completely of torsion when $G$ is compact and I would like (if possible) a similar type of statement for $\Omega_3(BG)$.

If you think about oriented bordism, the answer is that $\Omega_3 (BG) \cong H_3 (BG)$. This is true for any space $X$ instead of $BG$, because of the AtiyahHirzebruch spectral sequence and because $\Omega_i (pt)=0$ for $i=1,2,3$. 

