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It happened at the corner of East 71st Street and South Martin Luther King Drive in the Greater Grand Crossing neighborhood, just before 2:30 a.m., according to Chicago police.
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Police released surveillance images of the black, 4-door Jeep Renegade fleeing the scene.
It reportedly was heading eastbound on 71st St. when the driver blew through a red light, hitting the man, police said.
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They also said the Jeep will have damage to the driver's front amber side reflector.
Anyone with information is asked to call the Major Accident Investigation Unit at (312) 745-4521.