Police say the occupants of a gold or tan-colored Jeep opened fire around 11 a.m. at the intersection of 38th and Aspen streets.
Video obtained by Action News shows as the jeep pulled up and a trio exits and began firing off shots.
Police say one of the men was chased for a short distance before the group came ran back and sped off.
"There was a significant number of fired shell casing on the highway clearly indicating that there was little to no concern for life in the neighborhood," said Chief Inspector Michael McCarrick of the Philadelphia Police Department.
A 32-year-old man was shot multiple times in the lower body.
A 44-year-old man was also shot multiple times in the lower body during this incident.
The third victim, 32, was shot once in the lower right leg.
A fourth male victim, whose age is unknown, sustained a graze wound to the right thigh.
All four victims were transported to Penn Presbyterian Medical Center by police and listed in stable condition.
As a result of this shooting, the Morton McMichael School at 37th Street and Haverford Avenue was put on lockdown by the school police.
Action News spoke with one woman, who asked not to be identified about her close encounter with some of the stray bullets.
"Nothing but God. Nothing but God," she said. "Only thing we heard was just bullet shots everywhere, and where I was sitting on the couch, the bullet would have struck me...It knocked down the pictures off of the walls."
The location marks where a 30-year-old woman was shot and killed Wednesday night.
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Police said it's too early to say if the cases are connected.
They are hopeful surveillance cameras in the area will help in their investigation.
There have been no weapons recovered from the scene, officials say.
No arrests have been made at this time.