U.S. SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                          FORM 12b-25
                  NOTIFICATION OF LATE FILING
                          (Check One):

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

     For Period Ended:          June 30, 2003
     [ ] 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:



Part I - Registrant Information

Full Name of Registrant: Brauvin Real Estate Fund L.P. 5
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 annual report, semi-annual report, transition
     report on Form 10-K, 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-QSB, 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

     Brauvin Real Estate Fund L.P. 5 is requesting a five
calendar 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) 759-7660
            (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 Real Estate Fund L.P. 5
          (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 15, 2003

                              By:/s/ Jerome J. Brault

                              Jerome J. Brault

                              Brauvin Ventures, Inc.
                              President