Technically you can't transmit on any TV frequency 2-69 and cable frequencies are not legal for OTA either. The channel 3/4 output probably is in the milliwatt range but if a neighbor was to pick it up and talked to others that could expose the situation.
Bare in mind that all TVs in your house would have to tune to chan 3 or 4 and if they're using rabbit ears there could be reception problems. Having another outdoor antenna to receive transmission would ensure better reception but then you have to run a coax from the outdoor antenna to the TV's and that defeats the purpose of the wireless project.
The receiver would need power and have to be installed in the attic along with the chan 3 antenna for transmitting.
And that antenna should be a dipole cut for that frequency and coax balanced which means you may need to check the SWR so that the transmission isn't reflected back into the receiver's output (well that's true for high power transmitters anyway). Also you would have to have a receiver with UHF remote. Reception would be no better that common analog TV (ie. no composite, s-video, audio and forget about ever having HD because you need component, HDMI, DVI inputs for those).