Officers said the tow truck driver, Brandon Ayscue, was trying to tow a vehicle around 4:15 a.m. at Duke Manor Apartments on South Lasalle Street.
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The vehicle owner was still inside the SUV when Ayscue arrived and started to tow it, according to police. The SUV owner started arguing with Ayscue, who pulled out a gun and shot the man in the chest.
The two continued arguing and fighting, so the tow truck operator used a knife to cut the SUV owner.
A woman tried to intervene and was cut on her hand.
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ABC11 crews saw the vehicle owner was conscious and alert before being taken to the hospital. Police say he was taken to the hospital with serious injuries.
Ayscue, 24, was charged with assault with a deadly weapon inflicting serious injury, assault with a deadly weapon, assault with a deadly weapon with intent to kill inflicting serious injury and second-degree kidnapping.
The towing company, Unlimited Recovery, told ABC11 it did not have a comment on the incident or whether it allows its drivers to carry firearms. Duke Manor referred ABC11 to its parent company for comment.