The East Midlands special operations unit is leading the murder investigation.
Police appealed for any CCTV or doorbell footage and any dashcam footage between 7pm and 9pm in the areas of Heanor Road, Rose Avenue, Summerfields Way, Kedleston Drive and Peveril Drive.
DCI Claudia Musson from the East Midlands special operations unit, who is leading the investigation, said: “We are in the very early stages of the investigation and we are treating it as an isolated incident.
“We are keen for anyone with information to contact us as a matter of urgency to assist with the inquiry into the death of this young man.”
Anyone with any information has been asked to contact Derbyshire police quoting reference number 24*767926.
A major incident public portal has also been set up, which can be used to pass on information and submit footage online.
Police vehicles remained at the scene on Sunday morning, with a number of roads cordoned off around Heanor Road.