The man was exiting his vehicle just after 10:15 p.m. in the 3200-block of West Foster Avenue when two armed male suspects approached him, CPD said.
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One of the suspects demanded the man's belongings, and he gave them his phone and cash from his pockets, police said.
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The man was then hit on the head with a gun before the suspects got in his tan Porsche and drove away, according to CPD.
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The victim was taken to Swedish Hospital in good condition.
No one was in custody Thursday morning, and Area Five detectives are investigating.