Minneapolis police say a man in his early 20s was shot during an exchange of gunfire Friday afternoon and later died at a hospital.

The shooting near the 3300 block of N. James Avenue just after 4:30 p.m. Friday was the third fatal shooting on the city's north side in less than 24 hours. All three occurred within a few blocks of each other.

Minneapolis police say the homicide was the city's 31st of 2022, , outpacing last year's murder rate. By the end of 2021, the number of murders in Minneapolis had reached a more than 20-year high.

Police said several guns were fired in "a possible exchange of gunfire." The injured man ran a short distance before collapsing in the street, and vehicles reportedly sped from the area.

The Hennepin County Medical Examiner will release the victim's name along with his cause of death.