The crash happened at about 2:13 a.m. on Ashland Avenue near 66th Street, police said.
Police were called to a crash involving a pedestrian. When officers arrived, they found that a woman had been hit by a car.
The victim died at the scene.
CPD said a gray Nissan Maxima was speeding traveling northbound and fled the scene.
Police said the car had a broken and damaged grille, damaged hood, broken windshield, and damaged roof.
INTERACTIVE SAFETY TRACKER Track crime and safety in your neighborhood