It happened around 4 a.m. Wednesday inside an apartment building on Intervale Avenue in the Woodstock section.
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Authorities say three unidentified individuals entered the apartment, demanded money and then stabbed the victims in the abdomen.
EMS responded and transported both victims to Lincoln Hospital, where the 59-year-old man succumbed to his injuries.
The three suspects stole $70 and fled in an unknown direction.
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There are no arrests, and the investigation is ongoing.
The identity of the deceased victim has not been released.
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