Monica Eason, 42, was crossing the street around 8:33 p.m. when she was struck by a tan-colored, four-door SUV that was traveling southbound in the 900 block of South Pulaski Road, officials said.
The driver of the SUV did not stop to render aid and continued southbound on Pulaski Road, police said.
Eason was transported by paramedics to Mount Sinai Hospital where she was pronounced dead, police said.
Police believe the striking vehicle is a 1995-2000 Jeep.
Community activist Andrew Holmes is offering a $1,000 award to anyone with information leading to an arrest. Holmes said he was related to the victim.
Anyone with information is asked to contact the Major Accident Investigation Unit at (312) 745-4521.