It happened at the corner of East 71st Street and South Martin Luther King Drive in the Greater Grand Crossing neighborhood, just before 2:30 a.m., according to Chicago police.
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Police released surveillance images of the black, 4-door Jeep Renegade fleeing the scene.
It reportedly was heading eastbound on 71st St. when the driver blew through a red light, hitting the man, police said.
They also said the Jeep will have damage to the driver's front amber side reflector.
Anyone with information is asked to call the Major Accident Investigation Unit at (312) 745-4521.