Generally speaking the older Cherokees make great toads - BUT - there are some gotchas.
Is this a smaller boxy Cherokee or the larger, heavier Grand Cherokee? Is it 4WD or 2WD (yes, they made 2WD versions)? Auto or Manual trans?
Basically if it is a 4WD model with a transfer case lever that has a Neutral position, then you should be golden as far as EZ to tow 4-down. Then, as Roger states, make sure you are within the tow weight limits of your chassis.
1995 Coachmen Santara 360MB 36' w/slide.
Ford F53/460 chassis, 1997 Jeep Grand Cherokee "toad"