The man was in the 700-block of North Wells Street about 2:50 a.m. when four male suspects approached him, CPD said.
Two of the suspects had guns, and demanded his belongings, police said.
The victim complied, and the suspects drove away in a white sedan, according to CPD.
No one was injured, and no one is in custody.
Area Three detectives are investigating.
The incident took place a little over 24 hours after 10 armed robberies were reported on Chicago's North Side, downtown and on the West Side.
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