Jody Lynmarvin Patzner Jr., 22, was delivering dinner to a neighbor when confronted by three boys who shot him and ran away.
The boys yelled at him that they wanted his bicycle and then shot him twice. According to a witness, he continued to bike for 30 feet before collapsing on the sidewalk and dying moments later, the Star Tribune said.
The 24-year-old suspect was arrested Wednesday night, only one block away from where the victim was gunned down, KARE 11 said.
According to a spokesman for the Hennepin County Attorney's office, no criminal charges will be filed Friday against the suspect, the Star Tribune updated.
The funeral for Patzner Jr. is scheduled for Wednesday, April 18 at St. Bridget's Catholic Church in Minneapolis, KARE 11 said.