BRAUVIN REAL ESTATE FUND LP 3
15-12G, 1996-09-27
REAL ESTATE
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                SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549

                             FORM 15

Certification and Notice of Termination of Registration under
Section 12(g) of theSecurities Exchange Act of 1934 or Suspension
of Duty to File Reports UnderSections 13 and 15(d) of the
Securities Exchange Act of 1934.
                  Commission File Number 0-11975

                 Brauvin Real Estate Fund L.P. 3
      (Exact name of registrant as specified in its charter)

  150 South Wacker Drive, Suite 3200, Chicago, Illinois 60606  
(Address, including zip code of registrant's principal executive
offices)
                                     
                                
                         (312)443-0922
    (Telephone number, including area code, of registrant's
                  principal executive offices)
                                
                 Limited Partnership Interests
    (Title of each class of securities covered by this Form)
                                
                              N/A
 (Titles 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 box(es) 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 12g-4(a)(1)(ii)      [   ]
Rule 12g-4(a)(2)(i)       [   ]
Rule 12g-4(a)(2)(ii)      [   ]
Rule 12h-3(b)(1)(i)       [   ]
Rule 12h-3(b)(1)(ii)      [   ]
Rule 12h-3(b)(2)(i)       [   ]
Rule 12h-3(b)(2)(ii)      [   ]
Rule 15d-6                [   ]
                           
                           
Approximate number of holders of record as of the certification
                   or notice date:
None (Certificate of Cancellation filed with the Delaware
                  Secretary of State
               on September 27, 1996).

     Pursuant to the requirements of the Securities Exchange Act
of 1934, Brauvin Real Estate Fund L.P. 3 has caused this
certification/notice to be signed on its behalf by the
undersigned duly authorized person.

DATE:  September 27, 1996     BY:  /s/ Jerome J. Brault
                                   Jerome J. Brault, President of
                                   Brauvin Realty Partners, Inc.,
                                   the corporate general partner
                                   of Brauvin Real Estate Fund
                                   L.P. 3

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