Is it worth it financially? Hell, No. In my area, a quick look at CL shows me a Denon AVR-1610, a much newer generation with actual HDMI ports, for $50.
There is also a Sony STR-DG720 asking $65 - I'm sure they agree for $50 or less.
Both are in fine working condition.
If you think you can get the tools and spend hours for less than $45?? Best of luck to you
Now, if you are looking for a learning experience, you can take it from that dude's hands for either free or, to let him not feel too bad, give him $5 tops.