Highland Park police said the shooting happened in the 2300 block of Green Bay Road at about 11:30 a.m. A 16-year-old Highwood boy was walking on the sidewalk when someone came up to him.
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The two had a brief conversation before the suspect pulled out a gun and shot the teen, police said. The victim was transported to a local hospital, where he later died.
Police established a large perimeter around the scene to try to find the alleged shooter.
Witnesses described the shooter as a male, dressed in all black, and on a bicycle. Police initially said the suspect fled from the scene on a bicycle, but further investigation revealed he likely fled on foot.
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A police K-9 tracked the offender's scent, but the scent was lost at a nearby roadway.
Police did not immediately provide further information.
Highland Park police and the Lake County Major Crimes Task Force are investigating. Police said anyone with information should call 911.