The shooting took place at 12:49 a.m. in the 10400-block of South Michigan Avenue.
Police said the victims were standing outside with a group of people when someone pulled out a gun and started firing.
A 24-year-old woman was shot several times and transported to the University of Chicago Medical Center, where she was later pronounced dead, police said.
A 20-year-old woman was shot several times and transported to Roseland Hospital, where she was listed in good condition.
Area Two detectives are investigating.
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