You may try but you increase the risk that an impurity (a 97% chemicals is less pure than a 99% one !!) reacts and/or blocks your DNA products.
You will see by yourself.
Another possiblity, if you don't want to buy the QIAgen kit, is to extract DNA from agarose gels by using an old and efficient method: freezing/thawing the cut agarose band and pressing the DNA band in a parafilm between your thumb and an opposite finger. All the liquid you extract contains a lot of the DNA present in the gel. It workd! It's efficient and all you need is a phenol-chloroform treatment after extraction. It's very cheap also!