The Hostage and Barricade team and SWAT responded, and the man, 24-year-old Rigoberto Lopez, reportedly fired several shots at officers, who returned fire and struck him fatally.
The incident was over by 2:30 a.m. No one else was injured.
Chicago Police Officer John Henry says the Independent Police Review Authority is investigating whether the shooting was within guidelines.
The Associated Press contributed to this report.
