Absolutely! A receiver can be a monster & have the transformer/power supply to match or a wimp and anything in-between. That will really determine the type of amplifier you can build from its parts.
First you need to quantify the transformer you have (secondary VACs, rated channel wattage to give you a rough idea of total output power it will supply, etc.) then you need to qualify what type of amp you wish to build (power, # of channels, etc.) to see it if is compatible with the trans.
Many low-end receivers get stripped and they get reborn as the basis of a gainclone amplifier. That is a simple chip-based amplifier that is a terrific performer. Not a lot of power but wonderfully wrought. You seem at the beginning end of the scale. Not a bad thing but I'd pick a project commensurate with your abilities. Check the below link and get to the "Chip Amp" forum. Lots more info there.