Police said the shooting happened in the Auburn Gresham neighborhood's 1500 block of West 82nd Street just before 5:30 a.m.
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A 60-year-old man had just used an ATM down the street from his home. He was outside when a suspect, identified only as male, approached him on a bike, police said.
Police said that's when the suspect, whose age was not immediately known, took out a gun and demanded the man's money and other belongings.
CCL holder kills would-be robber during South Side shootout: CPD
The victim, who is a valid FOID card and CCL holder, took out his own gun and an exchange of gunfire ensued, police said. Both the victim and the suspect were shot.
The 60-year-old then ran to a nearby gas station for help. Security video shows the wounded man waiting for police and paramedics to show up.
Police said the suspect suffered gunshot wounds throughout his body and was transported to Christ Hospital, where he was pronounced dead.
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The 60-year-old suffered a gunshot wound to his back and left arm and was transported to the same hospital, where he is listed in stable condition, police said.
Two firearms were found on the scene, police said.
Area detectives are investigating, and police did not immediately provide further information.
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