Mathew Nellessen is accused of trying to rob his father George Nellessen before repeatedly hitting him with a baseball bat and stabbing him in the neck with a steak knife.
Mr Nellessen's body was discovered two days later.
Mr Nellessen had previously appeared in court on behalf of his son, who has been trouble for several minor offences, and had even posted his bail.
The teenager, from the Arlington Heights suburb of Chicago, Illinois, was released after court hearing on March 25.
He had been in custody for violating his probation.
Prosecutors allege that on April 12, Nellessen and three others - Marlon Green, 20, Armon Braden, 20, and Azari Braden, 19 - waited for Nellesen's father, George Nellessen, 55, to come home from work so they could rob him.
They allegedly duct-taped him to a chair and demanded his banking information.
After getting his father's chequebook, Nellessen allegedly wrote a $100,000 cheque to himself, then freed his father's hand to sign it, authorities said.
After Mr Nellessen Snr told his son he was going to call police, the teenager allegedly struck him repeatedly with a baseball bat. He then allegedly took a steak knife from the kitchen and stabbed his father in the neck. Read More
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