What is the engine?
What type of tune are you aiming for after the rebuild?
What is the engine for? (a restoration or a replacement/upgrade)
It's hard to tell until the engine is apart. It may be reasonably good or everything may be flogged out. If you just want to pull it apart to make sure nothing is to bad then wack it back together as a stock runabout some people would leave pretty much everything. But if you going for a decent power horse then bearings, oil pump, bushes and shims, skim the block and head are just some things that should be on the list of things to replace (or checked) no matter what. Depending on the condition of the engine you may need new pistons, a re-bore, crank work, cam, push-rods, timing gear etc etc
This really can't be answered to accurately until the engine is striped down.
I think a standard rebuild on a decent condition engine with absolute minimal internal wear is $3000 at a ball park figure, but that can easily go up to $5000 or (much) more depending on what needs doing and what you want to get done.
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