Chicago Healthcare MOB DST
Medical office in Chicago, IL — sponsored by Inland Private Capital
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Chicago Healthcare MOB DST is a Delaware statutory trust — the structure that lets 1031 exchange investors hold a fractional interest in real estate — sponsored by Inland Private Capital. Inland's property record ties it to a medical outpatient building in Chicago used by Advocate Medical Group and acquired October 5, 2022.2 The offering is fully subscribed and closed to new investors, and no sale has been announced.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Inland's own property data links this Trust to an Advocate Medical Group medical outpatient building in Chicago, Illinois, in the 60641 ZIP code.1 The sponsor's record puts the acquisition date at October 5, 2022, roughly two weeks before the first Form D was filed.2 SEC filings categorize the asset generically as office, while Inland classifies it as medical outpatient. The sponsor's street-address field is blank, and no deed-level confirmation of the exact address has been located.
- Reported location
- Chicago, IL
- Property size
- 21,370 sq ft
Who is the tenant, and what's the lease?
Inland's property record identifies Advocate Medical Group as the medical outpatient user of the building.1 Lease length, rent structure, and whether the tenant carries taxes, insurance and maintenance under a net lease are not disclosed anywhere in the SEC record for this Trust.
How did it end?
No sale or other ending on record
Inland Investments' current Our Properties page, with raw markup scraped July 21, 2026, lists Advocate Medical Group under Inland Private Capital Corporation as acquired October 5, 2022 and links the asset to a Chicago Healthcare MOB DST gallery; no sale or exit is stated.
Per Top1031 and the Inland Investments properties page, the Chicago Healthcare MOB DST holds a 21,370 SF medical outpatient building at 2121 N Grace Blvd, Chicago, IL. SEC EDGAR shows first filing Oct 21, 2022 and latest filing Jun 13, 2024; total offering ~$18.6M, minimum investment $25K. Asset type labeled 'Office' in SEC records but property type on Inland's site is 'Medical Outpatient'. No sale or full-cycle announcement has been located.
21,370 sq ftHow is it financed, and what does it pay?
A Form D reports only the equity a sponsor raises, not mortgage debt, so whether this Trust holds the building with a loan or all-cash is not established in the public record. The securities sold were equity interests in the trust.3
Who's behind it?
Inland Private Capital Corporation sponsored the Trust and is listed at 2901 Butterfield Road in Oak Brook, Illinois, the same address carried on the issuer record.4 The Form D names Chicago Healthcare MOB, L.L.C. as depositor and Keith D. Lampi as signatory trustee of the issuer.3 The trust itself is organized under Delaware law.4 No trust-specific event has been reported since the final amendment.
- Sponsor
- Inland Private Capital
- Legal Trust name
- Chicago Healthcare MOB DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust filed an initial Form D — the brief notice an issuer files with the SEC for a private placement — then amended it three times as subscriptions came in, with the last amendment reporting the raise complete. It was sold privately, without general advertising, to accredited investors meeting SEC income or net-worth thresholds.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 4
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Chicago Healthcare MOB DST?
Top1031 lists Chicago Healthcare MOB DST as historical. It is no longer raising money.
Where does Top1031 get the data for Chicago Healthcare MOB DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in Chicago Healthcare MOB DST?
No. The final Form D amendment, filed June 13, 2024, reported the offering fully subscribed, so the Trust is closed to new investors. Inland Private Capital has other offerings raising capital, which are listed separately on this site.
What property does the Trust own?
Inland's property record links the Trust to a medical outpatient building in Chicago, Illinois, in the 60641 ZIP code, used by Advocate Medical Group and acquired October 5, 2022. Inland's record leaves the street address blank, and no independent source confirming the exact address has been located.
Has the Trust sold the property or gone full cycle?
No sale, refinancing, or full-cycle announcement has been located as of August 27, 2026. The most recent SEC filing on record is the Form D amendment dated June 13, 2024, which concerned the offering rather than a property event.
Is the Trust leveraged?
Not established. Form D filings disclose the equity raised, not mortgage debt, and neither Inland's public property record nor the SEC file states a loan amount, lender, or loan-to-value for this Trust. Those terms would appear in the private placement memorandum given to investors.
Can this Trust convert into a REIT through a 721 exchange?
The record shows no 721 or UPREIT exit — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units. Investors here would expect a conventional sale of the property as the exit path, though timing is at the sponsor's discretion.
What does 'Rule 506(b)' mean for this offering?
Rule 506(b) is the private placement exemption that lets an issuer raise unlimited capital from accredited investors without registering with the SEC, provided it does not advertise or generally solicit. Investors typically reach such offerings through an existing relationship with a broker-dealer or registered representative.