BRAUVIN REAL ESTATE FUND I
10-Q/A, 1995-07-13
REAL ESTATE
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                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                  FORM 10-Q/A


[X]   Quarterly Report Pursuant To Section 13 or 15(d) of  the Securities 
      Exchange Act of 1934

      For the quarterly period ended    March 31, 1995

                                      OR

[  ]  Transition Report Pursuant to Section 13 or 15(d) of the Securities 
      Exchange Act of 1934 

      For the transition period from _____________ to ________________.

      Commission File Number        0-10293    

                          BRAUVIN REAL ESTATE FUND I     
            (Exact name of registrant as specified in its charter)

              Illinois                               36-3121769     
   (State or other jurisdiction of                (I.R.S. Employer
   incorporation or organization)              Identification Number)

   150 South Wacker Drive, Suite 3200, Chicago, Illinois    60606     
          (Address of principal executive offices)       (Zip Code)

                               (312) 443-0922       
             (Registrant's telephone number, including area code)

   Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.    YES     X     NO        

<PAGE>
                       PART II - OTHER INFORMATION


ITEM 1. Legal Proceedings.

        None.

ITEM 2. Changes in Securities.

        None.

ITEM 3. Defaults Upon Senior Securities.

        None.

ITEM 4. Submission of Matters to a Vote of Security Holders.

        None.

ITEM 5. Other Information.

        None.

ITEM 6. Exhibits and Reports on Form 8-K.

        Exhibit 27 - Financial Data Schedule.
<PAGE>
                                   SIGNATURES

  Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.



                                BY:  Brauvin Properties, Inc.
                                     Corporate General Partner of
                                     Brauvin Real Estate Fund I



                                     BY:    /s/ Jerome J. Brault
                                            Jerome J. Brault
                                            President and 
                                            Chief Executive Officer
                                            

                                     DATE: July 13, 1995



                                     BY:    /s/ Thomas J. Coorsh
                                            Thomas J. Coorsh
                                            Chief Financial Officer
                                     

                                     DATE: July 13, 1995


<TABLE> <S> <C>

<ARTICLE>           5
       
<S>                 <C>
<PERIOD-TYPE>       3-MOS
<FISCAL-YEAR-END>   DEC-31-1995
<PERIOD-END>        MAR-31-1995
<CASH>    22,235          
<SECURITIES>   0
<RECEIVABLES> 216,475      
<ALLOWANCES>       0
<INVENTORY>         0
<CURRENT-ASSETS>    0
<PP&E> 4,031,033   <F1>
<DEPRECIATION> 0 <F2>    
<TOTAL-ASSETS>     4,612,490
<CURRENT-LIABILITIES>    0
<BONDS>             3,662,192 <F3>
    0
         0
<COMMON>               0
<OTHER-SE>          0
<TOTAL-LIABILITY-AND-EQUITY> 5,480,910
<SALES>             0
<TOTAL-REVENUES> 261,077    <F4>
<CGS>               0
<TOTAL-COSTS>   340,557   <F5>
<OTHER-EXPENSES>     0
<LOSS-PROVISION>    0
<INTEREST-EXPENSE>  0
<INCOME-PRETAX>     0
<INCOME-TAX>        0
<INCOME-CONTINUING> 0
<DISCONTINUED>      0
<EXTRAORDINARY>     0
<CHANGES>           0
<NET-INCOME>        (79,480)
<EPS-PRIMARY>       0
<EPS-DILUTED>       0

<FN>
<F1>   "PP&E" REPRESENTS  REAL ESTATE HELD FOR SALE
<F2>   "DEPRECIATION" IS INCLUDED IN "PP&E"
<F3> "BONDS" REPRESENTS MORTGAGE PAYABLE
<F4>   "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER
INCOME
<F5>   "TOTAL COSTS" REPRESENTS TOTAL EXPENSES
</FN>
        

</TABLE>


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