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Officers were in the area of 5000 W. Monroe Street when they heard gunfire and saw a car "traveling at a high rate of speed" away from the area.
At least one passenger fled the car when officers tried to pull it over and a chase ensued.
It's not clear how many people were in the car, whether others were taken into custody or how old the occupants are. The Chicago Police Department's office of news affairs would not elaborate on a statement it released Saturday morning.
While police were chasing the man, he "produced a weapon and turned toward officers," according to the statement.
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