Tuesday's ceremony included a jump from the U.S. Army Golden Knights parachute team.
Mayor Daley honored the veterans as soldiers who have distinguished themselves "conspicuously by gallantry" were regaled with a 19-gun salute. He said Chicago should be "both humbled and honored by the presence" of the medal recipients.
Illinois Gov. Pat Quinn called them "very special human beings, the best of the best."
Of the 42 million Americans who've served in the armed forces, only 3,447 of them have received a medal of honor, and today there are fewer than a hundred living recipients. Six members of the military serving in Iraq and Afghanistan have been chosen for the Medal of Honor.
The ceremony was followed by a public autograph signing session with the Medal of Honor Recipients.
For a full schedule of this week's Medal of Honor events, check out CMOH2009Chicago.com.