Fif Money Shot and Killed After Standoff With Police in Chicago [VIDEO]

Up-and-coming rapper Fif Money was shot and killed after a reported standoff with police in Chicago on Sunday (Jan. 31).

According to DNAInfo (Chicago), police responded to multiple calls describing a “person with a gun/home invasion” at 4:40AM in the Englewood neighborhood. When officers approached Fif Money, who was armed, gunfire was exchanged and the rapper was fatally shot.

According to the city's Independent Police Review Authority, which investigates all police-involved shootings, Smith was pronounced dead inside the residence, which is listed as the boyhood home of Chicago Bulls basketball player Derrick Rose.

A police spokesman said the officer, who shot the 29-year-old rapper, was put on administrative duties for at least 30 days. The incident is Chicago's first police-involved fatal shooting in 2016.

Fif Money, whose real name is Charles Smith, was a rising rapper in the Chicago rap scene who recently dropped a song called "Get in Line" last October.

Bryan Woodlow, Fif Money's brother, says he wasn't a violent person. "He's a father of two kids, he's a uncle...he was an amazing guy," he told ABC7 Chicago.