It started along the 2400 block of West Oakdale Street just before 12:30 a.m. Sunday.
Police were called to the scene, where they found a 47-year-old man shot in the shoulder.
That victim was rushed to the hospital, where he is expected to be okay.
Following the shooting, police saw two male suspects entering a private residence in the 2600 block of North 23rd Street.
A barricade situation was declared at 1:46 a.m., and after a short standoff SWAT cleared the location and took a suspect into custody.
The incident remains under investigation.