10-K/A

                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549
                               FORM 10-K
                           AMENDMENT NO. 1
                                  
[X]  Annual Report Pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

     For the fiscal year ended     December 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)

     Securities registered pursuant to Section 12(b) of the Act:

     Title of each class            Name of each exchange on 
                                        which registered
               None                              None          

     Securities registered pursuant to Section 12(g) of the Act:

                     Limited Partnership Interests                    
                         (Title of class)

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   

Indicate by check mark if disclosure of delinquent filers pursuant to 
Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained 
herein, and will not be contained, to the best of registrant's knowledge, in 
definitive proxy or information statements incorporated by reference in 
Part III of this Form 10-K or any amendment to this Form 10-K. [ X ]

The aggregate sales price of the limited partnership interests of the 
registrant (the "Units") to unaffiliated investors of the registrant was 
$16,008,310 at December 31, 1993.  This does not reflect market value.  This 
is the price at which the Units were sold to the public during the initial 
offering period.  There is no current market for the Units nor have any Units 
been sold within the last 60 days prior to this filing except for Units sold 
to or by the registrant pursuant to the registrant's distribution 
reinvestment plan, as described in the prospectus of the registrant dated 
December 12, 1991 (the "Prospectus") as supplemented March 25, 1992 and 
June 17, 1993 and filed pursuant to Rule 424(b) and Rule 424(c) under the 
Securities Act of 1933, as amended.

Portions of the Prospectus are incorporated by reference into Parts II, III 
and IV of this Annual Report on Form 10-K.

                                SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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 CORPORATE LEASE PROGRAM IV L.P.
                           BY:  Brauvin Realty Advisors IV, Inc.
                                Corporate General Partner

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


                           By:  /s/ James L. Brault                     
                                James L. Brault
                                Director, Executive Vice President         
                                and Secretary

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

                                   
                         INDIVIDUAL GENERAL PARTNERS
                                    /s/ Jerome J. Brault                
                                    Jerome J. Brault                   
              
                                                   
  DATED: June 3, 1996               Cezar M. Froelich

EX-27

 

<ARTICLE>                        5
       
                              
<PERIOD-TYPE>                    12-MOS
<FISCAL-YEAR-END>                DEC-31-1995
<PERIOD-END>                     DEC-31-1995
<CASH>                           711,167
<SECURITIES>                     0  
<RECEIVABLES>                    241,119
<ALLOWANCES>                     0
<INVENTORY>                      0
<CURRENT-ASSETS>                 0
<PP&E>                           14,308,630 
<DEPRECIATION>                   638,479
<TOTAL-ASSETS>                   14,850,948
<CURRENT-LIABILITIES>            0
<BONDS>                          711,056 
<PREFERRED-MANDATORY>            0
<PREFERRED>                      0
<COMMON>                         14,039,027 
<OTHER-SE>                       0
<TOTAL-LIABILITY-AND-EQUITY>     14,850,948
<SALES>                          0
<TOTAL-REVENUES>                 1,698,451 
<CGS>                            0
<TOTAL-COSTS>                    433,045 
<OTHER-EXPENSES>                 61,896 
<LOSS-PROVISION>                 0
<INTEREST-EXPENSE>               0
<INCOME-PRETAX>                  0
<INCOME-TAX>                     0
<INCOME-CONTINUING>              0
<DISCONTINUED>                   0
<EXTRAORDINARY>                  0
<CHANGES>                        0
<NET-INCOME>                     1,203,510
<EPS-PRIMARY>                    0
<EPS-DILUTED>                    0

<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