Police said the 24-year-old victim was shot in the chest near the 5100-block of N. Simonds Drive just before 8:30 p.m. He also suffered a graze wound to the neck.
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He was taken to Advocate Illinois Masonic Medical Center in critical condition, police said.
The shooting comes the same week Chicago police announced the formation of a new mobile unit that will patrol the lakefront.
With the weather heating up, Chicago Police Supt. Eddie Johnson met with community leaders Friday night who are hoping for a peaceful weekend.
But it's not starting out that way. Besides the man wounded along the lakefront, a woman and 5-year-old girl were shot in Marquette Park near 68th and Artesian. The girl was shot in the foot, police said.
"She was out here, standing right here. And I guess when the bullet hit her in her foot and she was bleeding, she was just screaming and crying," said Valerie Bolden, her aunt.
Police said the 5-year-old girl is in good condition. No information was immediately available on the woman's condition.