Chicago police said the woman was crossing the street in the 4900-block of North Milwaukee Avenue just after 10:45 p.m. when a tan Jeep traveling north hit her.
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The driver did not stop, and continued driving north, police said.
The woman suffered head injuries and was taken to Lutheran General Hospital, where she later died, according to CPD.
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No one was in custody early Sunday, and the woman had not yet been publicly identified.
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Area Five detectives are investigating.
This is a developing story; check back with ABC 7 Chicago for updates.