Schaumburg police arrested the boy at 3:10 p.m. Monday and said he was involved in the stabbing death of Manuel Porties, 18, Sept. 28 in the 600-block of Sturnbridge Lane.
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Porties was killed during a fight on a residential driveway.
The boy was taken into custody without incident and charged with first-degree murder Monday.
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Felony charges were initially denied in the case due to "insufficient evidence at that time," Cook County officials said.
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Last month, friends and family protested Cook County's decision not to file any charges.
The suspect has a bond hearing Tuesday afternoon in Rolling Meadows.