Police say two men got into an argument and started shooting at each other in the 2200 block of South Wentworth.
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A 24-year-old woman was struck in the torso and was taken to Stroger Hospital, where she died due to her injuries, officials said.
A second woman, 42, was taken to the University of Chicago Medical Center with a gunshot wound to her hand, police said.
One of the gunmen, a 38-year-old man, was shot in the buttocks and was taken to Northwestern Memorial Hospital, where he was in critical condition, authorities said.
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However, the second gunman can be seen in the video running off.
Police said a weapon was also recovered at the scene.
Anyone with information is asked to call police.