Muncie police responded to the area of North Linden Street and West Beechwood Avenue at 1:54 a.m. on a reported armed robbery.
Muncie Police Chief Joe Winkle said a gun was involved in what he called a "person versus person" robbery.
Police said the victim was approached by three males, all wearing hoods at gunpoint.
No injuries were reported.
Anyone with information should call Muncie Police Detectives at 765-0747-4867 or Crime Stoppers at 765-286-4050.