The shooting happened around 11:45 p.m. in the 10000-block of Perry Avenue in the Fernwood neighborhood.
A 17-year-old boy was found with multiple gunshot wounds to the body.
He was originally taken to the hospital in critical condition, police later said he was listed in fair condition.
A witness told Chicago police officers that the shooters may have fled in a white SUV, police said.
There is no one in custody. CPD Area Two Detectives are investigating.
No other injuries were reported.
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