JMB MORTGAGE PARTNERS LTD IV
15-12G, 1999-03-01
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 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.:  0-16599


                   JMB MORTGAGE PARTNERS, LTD. - IV
        ------------------------------------------------------
        (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.-IV 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:  March 1, 1999


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