JMB MORTGAGE PARTNERS LTD
15-15D, 1997-08-01
REAL ESTATE
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July  31, 1997


Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C.  20549


Re:     JMB MORTGAGE PARTNERS, LTD. 
        Commission File No. 2-79095
        Form 15

Gentlemen:

Transmitted,   for  the  above-captioned  registrant,  is  the
electronically filed  executed copy of registrant's current
report on  Form  15 dated July 31, 1997.

Thank you.

Very truly yours,


JMB MORTGAGE PARTNERS, LTD. 



        GAILEN J. HULL
By:     Gailen J. Hull
        Senior Vice President and
        Principal Accounting Officer


                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    FORM 15


Certification  and  Notice of Termination of Registration  under
Section 12(g) of the Securities and Exchange Act of 1934 or Suspension
of Duty to File Reports  Under  Section 13 and 15(d) of the
Securities  Exchange Act of 1934.


                         COMMISSION FILE NO.:  2-79095

                    JMB  MORTGAGE PARTNERS, LTD.
            ----------------------------------------------------

             (Exact  name  of  registrant as  specified  in  its
              charter)


       900     N.    Michigan    Avenue,    Chicago,    Illinois
       312-915-1987
  --------------------------------------------------------------

   (Address  and  telephone  number  of  registrant's  principal
executive offices)


                         LIMITED PARTNERSHIP INTERESTS
            (Title  of each class of securities covered by  this
             Form)


                                     NONE
          (Title of all other classes of securities for which  a
           duty to file reports under Section 13(a) or 15(d) remains)


      Please  place  an  "X"  in  the  boxes  to  designate  the
appropriate rule provision(s)  relied upon to terminate or suspend 
the  duty  to file reports:

       Rule 12g-4(a)(1)(i)      [ X ]       Rule 12h-3(b)(1)(ii)
[   ]
       Rule  12g-4(a)(1)(ii)    [   ]       Rule 12h-3(b)(2)(i)
[   ]
       Rule 12g-4(a)(2)(i)      [   ]       Rule 12h-3(b)(2)(ii)
[   ]
       Rule   12g-4(a)(2)(ii)   [   ]       Rule   15d-6  [ X ]
      
       Rule 12h-3(b)(1)(i)      [ X ]

       Approximate  number  of  holders  of  record  as  of  the
certification or notice date:

                         ZERO - Registrant Liquidated

     Pursuant to the requirements of the Securities Exchange Act
of 1934. JMB Mortgage Partners, Ltd. has caused this certification/notice
to  be  signed on its behalf by the undersigned duly  authorized
person.

                                     JMB REALTY CORPORATION
                                     Corporate General Partner


                                     By:   GAILEN J. HULL
                                           ---------------------

                                           Gailen J. Hull
                                           Senior Vice President
Dated: July 31, 1997





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