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<SEC-DOCUMENT>0000736908-96-000026.txt : 19961213
<SEC-HEADER>0000736908-96-000026.hdr.sgml : 19961213
ACCESSION NUMBER:		0000736908-96-000026
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19961206
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19961212
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRAUVIN REAL ESTATE FUND LP 5
		CENTRAL INDEX KEY:			0000762848
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				363432071
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14481
		FILM NUMBER:		96679934

	BUSINESS ADDRESS:	
		STREET 1:		150 S WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3124430922

	MAIL ADDRESS:	
		STREET 1:		150 S WACKER DR
		STREET 2:		SUITE 3200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<TEXT>

<PAGE>

                SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549

                             FORM 8-K/A
                         (Amendment No.1)
                          CURRENT REPORT

              Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) December 6, 1996


                Brauvin Real Estate Fund L. P. 5   
       (Exact name of registrant as specified in its charter)


        Delaware           0-14481                 36-3432071  
   (State or other       (Commission             (IRS Employer
    jurisdiction of      File Number)           Identification
     organization)                                  Number)


150 South Wacker Drive,  Suite 3200,  Chicago, Illinois     60606 
     (Address of principal executive offices)             (Zip Code)


Registrant's telephone number, including area code (312) 443-0922


                         Not Applicable  
    (Former name or former address, if changed since last report)

<PAGE>
Item 7.  Financial Statements and Exhibits

(C) Exhibits
     (16) Letter of Ernst & Young LLP on changes in certifying        
     accountant.

Ernst & Young LLP
Suite 2100
One North Franklin
Chicago, Illinois 60606

Phone: 312 879 6500
Fax:   312 879 6550

EXHIBIT 16 TO FORM 8-K

December 10, 1996

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Gentlmen:

We have read Item 4 of Form 8-K dated December 10, 1996, of
Brauvin Real Estate Fund L.P. 5 and are in agreement with the
statements contained in the first paragraph on page 2 therein. 
We have no basis to agree or disagree with other statements of
the registrant contained therein.


               Sincerely,

               /s/ Ernst & Young LLP


<PAGE>

                            SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                  BRAUVIN REAL ESTATE FUND L.P. 5


                  By:        Brauvin Ventures, Inc.
                                          
                     Its Corporate General Partner

                      By:   /s/ Jerome J.  Brault
                                Jerome J. Brault, 
                                Chairman of the Board,
                                President and Chief Executive
Officer

                  Dated:        December 12, 1996

<PAGE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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