The shooting occurred around 11:00 p.m. on the 800 block of Perkiomen Street.
According to police, someone opened fire on the victim, striking him once in the chest.
He was rushed to Hahnemann University Hospital where he was pronounced dead.
Police say 27 bullet casings were found at the scene and two different caliber weapons were fired.
There have been no arrests and police are searching for the suspect.