The incident happened around 1:00 a.m. along the 4500 block of Griscom Street.
Witnesses told Action News they saw a driver and a passenger flee the scene after striking the parked cars.
The impact sent a Lexus car onto the sidewalk and a Ford F-150 pickup into the middle of the street.
The striking vehicle is described as an enhanced Nissan 350, which was also damaged in the incident.
Police chased the two suspects on foot but they got away.
Investigators are checking out the vehicle registration and license to see if they match.
There are no reports of any injuries.