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Police said the man was holding a knife to his father's throat when they shot him.
Lander Coleman, 43, of Chicago is suspected of shooting three people in a home invasion May 18.
The man, 59, was shot in the abdomen about 11:50 P.m., police said.
The man was attempting to cross the roadway in the 3800 block of South Lake Shore Drive when he was hit by a vehicle going north.