<PAGE>            
                U.S. SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549
                                
                          FORM 12b-25
                  NOTIFICATION OF LATE FILING
                          (Check One):

[ ] Form 10-KSB     [ ] Form 20-F  [ ] Form 11-K  [X] Form 10-Q 
                    [ ] Form N-SAR

     For Period Ended:          June 30, 1998           
     [ ] Transition Report on Form 10-K
     [ ] Transition Report on Form 20-F
     [ ] Transition Report on Form 11-K
     [ ] Transition Report on Form 10-Q
     [ ] Transition Report on Form N-SAR
     For the Transition Period Ended:

If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
                                                                


<PAGE>

Part I - Registrant Information

Full Name of Registrant:  Brauvin Income Plus L.P. III
Former Name if Applicable:               N/A
 
Address of Principal Executive Office (Street and Number):
     30 North LaSalle Drive, Chicago, Illinois    60602

Part II- Rules 12b-25 (b) and (c)

     If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief
pursuant to Rule 12b-25(b), the following should be completed.
(Check box):

[ ] (a)  The reasons described in reasonable detail in Part III  
    of this form could not be eliminated without unreasonable
    effort or expense

[X](b) The subject a nnual report, semi-annual report, transition      
    report on  Form 10-KSB, Form 20-F,11-K or Form N-SAR, or
    portion  thereof will be filed on or before the fifteenth
    calendar day following the prescribed due date; or the
    subject quarterly report or transaction report
    on Form 10-Q, or portion thereof will be filed on or before
    the fifth calendar day following the prescribed due date; and

[ ] (c)   The accountant's statement or other exhibit required by
    Rule 12b-25(c) has been attached if applicable.

Part III - Narrative

     The Fund is requesting a five day extension of time so
that a complete and accurate presentation of all information can
be presented to the Limited Partners.

Part IV - Other Information

     (1) Name and telephone number of person to contact in regard
to this notification

          Tom Murphy                        (312) 443-0922
            (Name)                       (Telephone Number)

     (2) Have all other periodic reports required under section
13 or 15(d) of the Securities Exchange Act of 1934 or section 30
of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no,
identify report(s).      [X] Yes   [ ] No

     (3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be included
in the subject report or portion thereof?    [ ] Yes   [X] No

     If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.


                 Brauvin Income Plus L.P. III
          (Name of Registrant as specified in the charter)

has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: August 14, 1998    By:
                              
                              Jerome J. Brault
                              
                              Chairman of the Board of Directors,
                              President and Chief Executive
                              Officer
<PAGE>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission