The incident occurred at about 11:18 p.m. in the 4300-block of South California Avenue.
Police said the victim was involved in a verbal altercation with a woman who was accompanied by a group of people.
The group then attacked the victim, who was stabbed with a sharp object, police said.
The victim was pronounced dead at the scene, police said. He has been identified to the Cook County Medical Examiner's Office as Maximillion Flores.
No one is in custody and Area One detectives are investigating.