The crash happened about 2:30 in the morning along the 2600 block of South 70th Street.
Investigators say the two officers in the cruiser were pursuing a stolen car that was used in a series of robberies, when their cruiser went out of control and smashed into the parked cars.
The force of the collision propelled one car onto a front lawn.
The two officers were treated and released from the Hospital of the University of Pennsylvania for minor injuries.