BRAUVIN CORPORATE LEASE PROGRAM IV L P
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   0-21536  

                  Brauvin Corporate Lease Program IV L. P.
            (Exact name of registrant as specified in its charter)

                   Delaware                              36 -3800611    
     (State or other jurisdiction of                   (I.R.S. Employer 
     incorporation or organization)                   Identification No.)

     150 South Wacker Drive, 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 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 l934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.



                      BY: Brauvin Realty Advisors IV, Inc.
                          Corporate General Partner of
                          Brauvin Corporate Lease Program IV L.P.



                          BY:   /S/ Jerome J. Brault                
                                Jerome J. Brault
                                Chairman of the Board of Directors,
                                President and Chief Executive Officer

                          DATE: July 12, 1995



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

                          DATE: July 12, 1995

<TABLE> <S> <C>

<ARTICLE>           5
       
<S>                 <C>
<PERIOD-TYPE>       3-MOS
<FISCAL-YEAR-END>   DEC-31-1995
<PERIOD-END>        MAR-31-1995
<CASH>              596,486
<SECURITIES>            0
<RECEIVABLES>       201,729
<ALLOWANCES>       0
<INVENTORY>         0
<CURRENT-ASSETS>    0
<PP&E> 14,308,630    <F1>
<DEPRECIATION>440,377     
<TOTAL-ASSETS>     14,866,210
<CURRENT-LIABILITIES>    0
<BONDS>     717,487 <F2>        
    0
         0
<COMMON> 14,009,858     <F3>
<OTHER-SE>          0
<TOTAL-LIABILITY-AND-EQUITY> 14,866,210
<SALES>             0
<TOTAL-REVENUES> 419,397   <F4>
<CGS>               0
<TOTAL-COSTS> 104,841  <F5>
<OTHER-EXPENSES> 14,687    <F6>
<LOSS-PROVISION>    0
<INTEREST-EXPENSE>  0
<INCOME-PRETAX>     0
<INCOME-TAX>        0
<INCOME-CONTINUING> 0
<DISCONTINUED>      0
<EXTRAORDINARY>     0
<CHANGES>           0
<NET-INCOME> 299,869      
<EPS-PRIMARY>       0
<EPS-DILUTED>       0

<FN>
<F1>   "PP&E" REPRESENTS INVESTMENT IN REAL ESTATE [LAND AND
BUILDING]
<F2>   "BONDS" REPRESENTS MINORITY INTEREST IN JOINT VENTURE
<F3>   "COMMON" REPRESENTS TOTAL PARTNERS CAPITAL
<F4>   "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER
INCOME
<F5>   "TOTAL COSTS" REPRESENTS TOTAL EXPENSES
<F6>   "OTHER EXPENSES" REPRESENTS MINORITY INTEREST IN JOINT
       VENTURES' NET INCOME
</FN>
        

</TABLE>


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