SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported)  April  23, 1996

                         BALCOR REALTY INVESTORS - 83
         ------------------------------------------------------------
                           Exact Name of Registrant

Illinois                                0-11805
- ---------------------------             -----------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3189175
- ---------------------------             -----------------------------
Address of principal                    I.R.S. Employer
executive offices                       Identification
                                        Number

60015
- ---------------------------
Zip Code

              Registrant's telephone number, including area code:
                                (847) 267-1600
<PAGE>
ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
- -----------------------------------------------------------------------

a) Desert Sands Village Apartments

In 1982, the Partnership acquired the Desert Sands Village Apartments, Phoenix,
Arizona, utilizing approximately $6,388,000 in offering proceeds.  The property
was acquired subject to first mortgage financing of approximately $9,880,000.

On April 23, 1996, the Partnership contracted to sell the property for a sale
price of $14,579,423 to an unaffiliated party, ERP Operating Limited
Partnership (the "Purchaser"), an Illinois limited partnership.  The Purchaser
has deposited $300,000 into an escrow account as earnest money.  The Purchaser
has the option, to be exercised prior to May 22, 1996, to assume the existing
first mortgage loan collateralized by the property (the "Loan") at closing.  If
the option is exercised, the Purchaser is obligated to deposit an additional
$200,000 into the escrow account no later than May 23, 1996.  At closing, the
Loan, which is expected to have a then outstanding balance of approximately
$8,900,000, will be either assumed by the Purchaser or repaid from the sale
proceeds, with the remainder of the purchase price paid in cash.  The Purchaser
will pay all closing costs relating to the sale, including title charges and
prepayment or assumption fees relating to the Loan.  Of the remaining sale
proceeds, an amount not to exceed $500,000 will be retained by the Partnership
and not be available until 120 days after closing.  Neither the General
Partner, its affiliates nor any unaffiliated third party will receive a
brokerage commission in connection with the sale of the property. An affiliate
of the third party providing property management services for the Partnership
and certain affiliates will receive a fee for services in connection with the
sale of the property of $109,346.  The General Partner will be reimbursed by
the Partnership for actual expenses incurred in connection with the sale,
including legal fees.

If the Loan is to be repaid at closing, the closing will occur on the earliest
day the holder of the Loan will permit the Loan to be repaid, to be no earlier
than June 6, 1996.  If the Purchaser has exercised the option to assume the
Loan, the closing will be extended to a date no later than July 19, 1996.

The Partnership and affiliates of the General Partner have simultaneously
contracted to sell 18 other properties to the Purchaser, including Eagle Crest
Apartments, Phase I, described elsewhere in this report.  

The closing is subject to the satisfaction of numerous terms and conditions.
There can be no assurance that all of the terms and conditions will be complied
with and, therefore, it is possible the sale of the property may not occur.
<PAGE>
b) Eagle Crest Apartments, Phase I

In 1982, Eagle Crest Apartments, Phase I, Irving, Texas, was acquired by a
joint venture (the "Joint Venture") in which the Partnership is general partner
and the seller of the property (the "JV Partner") is the limited partner.  The
Partnership and the JV Partner hold interests in the Joint Venture of 80% and
20%, respectively.  The JV Partner contributed a 20% undivided interest in the
land underneath the property to the Joint Venture and the Partnership
contributed approximately $5,161,000 towards the purchase of the property.  The
property was acquired subject to first mortgage financing of approximately
$7,525,000.  In 1995, the mortgage loan was refinanced with a new mortgage loan
(the "Loan") in the amount of $7,180,000.

On April 23, 1996, the Joint Venture contracted to sell the property for a sale
price of $9,270,000 to an unaffiliated party, ERP Operating Limited Partnership
(the "Purchaser"), an Illinois limited partnership.  The Purchaser has
deposited $300,000 into an escrow account as earnest money.  The Purchaser has
the option, to be exercised prior to May 22, 1996, to assume the Loan at
closing.  If the option is exercised, the Purchaser is obligated to deposit an
additional $200,000 into the escrow account no later than May 23, 1996.  At
closing, the Loan, which is expected to have a then outstanding balance of
approximately $7,100,000, will be either assumed by the Purchaser or repaid
from the sale proceeds, with the remainder of the purchase price paid in cash.
The Purchaser will pay all closing costs relating to the sale, including title
charges and prepayment or assumption fees relating to the Loan.  Of the
remaining sale proceeds, an amount not to exceed $500,000 will be retained by
the Joint Venture and not be available until 120 days after closing.  Neither
the General Partner, its affiliates nor any unaffiliated third party will
receive a brokerage commission in connection with the sale of the property. An
affiliate of the third party providing property management services for the
Partnership and certain affiliates will receive a fee for services in
connection with the sale of the property of $92,700.  The General Partner will
be reimbursed by the Joint Venture for actual expenses incurred in connection
with the sale, including legal fees.  In accordance with the terms of the Joint
Venture agreement, the Partnership will receive all net sale proceeds.

If the Loan is to be repaid at closing, the closing will occur on the earliest
day the holder of the Loan will permit the Loan to be repaid, to be no earlier
than June 6, 1996.  If the Purchaser has exercised the option to assume the
Loan, the closing will be extended to a date no later than July 19, 1996.

The Partnership and affiliates of the General Partner have simultaneously
contracted to sell 18 other properties to the Purchaser, including Desert Sands
Village Apartments described elsewhere in this report.  One of the 19
properties, Eagle Crest Apartments, Phase II, which is owned by a limited
partnership consisting of the JV Partner and an affiliate of the General
Partner, is located adjacent to this property.  If a default occurs under the
agreement of sale for the property or the adjacent property, such action will
be considered a default under the other agreement.  In the event the Purchaser
terminates either agreement, the other agreement will also be deemed to be
terminated.

The closing is subject to the satisfaction of numerous terms and conditions,
including the closing of the sale of the adjacent property.  There can be no
assurance that all of the terms and conditions will be complied with and,
therefore, it is possible the sale of the property may not occur.
<PAGE>
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (a)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

             None

     (C)  EXHIBITS:

          (2) (a)  Agreement of Sale and attachment thereto
                     relating to the sale of the Desert Sands Village
                     apartment complex, Phoenix, Arizona.
                 
              (b)  Agreement of Sale and attachment thereto
                     relating to the sale of the Eagle Crest
                     apartment complex, Phase I, Irving, Texas.

No information is required under Items 1, 3, 4, 5, 6 and 8 and these items
have, therefore, been omitted.


Signature
- -------------

     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 hereunto duly authorized.

                    BALCOR REALTY INVESTORS-83

                         By:  Balcor Partners-XIII, an Illinois
                                general partnership, its general
                                partner

                         By:  RGF-Balcor Associates-II, an 
                                Illinois general partnership, a partner

                         By:  The Balcor Company,
                                a Delaware corporation,
                                a partner

                         By:  /s/Jerry M. Ogle
                            ------------------------------------
                                 Jerry M. Ogle, Vice President 
                                 and Secretary
Dated:  May 8, 1996
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported)  April  23, 1996

                         BALCOR REALTY INVESTORS - 83
         ------------------------------------------------------------
                           Exact Name of Registrant

Illinois                                0-11805
- ---------------------------             -----------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3189175
- ---------------------------             -----------------------------
Address of principal                    I.R.S. Employer
executive offices                       Identification
                                        Number

60015
- ---------------------------
Zip Code

              Registrant's telephone number, including area code:
                                (847) 267-1600
ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
- -----------------------------------------------------------------------

a) Desert Sands Village Apartments

In 1982, the Partnership acquired the Desert Sands Village Apartments, Phoenix,
Arizona, utilizing approximately $6,388,000 in offering proceeds.  The property
was acquired subject to first mortgage financing of approximately $9,880,000.

On April 23, 1996, the Partnership contracted to sell the property for a sale
price of $14,579,423 to an unaffiliated party, ERP Operating Limited
Partnership (the "Purchaser"), an Illinois limited partnership.  The Purchaser
has deposited $300,000 into an escrow account as earnest money.  The Purchaser
has the option, to be exercised prior to May 22, 1996, to assume the existing
first mortgage loan collateralized by the property (the "Loan") at closing.  If
the option is exercised, the Purchaser is obligated to deposit an additional
$200,000 into the escrow account no later than May 23, 1996.  At closing, the
Loan, which is expected to have a then outstanding balance of approximately
$8,900,000, will be either assumed by the Purchaser or repaid from the sale
proceeds, with the remainder of the purchase price paid in cash.  The Purchaser
will pay all closing costs relating to the sale, including title charges and
prepayment or assumption fees relating to the Loan.  Of the remaining sale
proceeds, an amount not to exceed $500,000 will be retained by the Partnership
and not be available until 120 days after closing.  Neither the General
Partner, its affiliates nor any unaffiliated third party will receive a
brokerage commission in connection with the sale of the property. An affiliate
of the third party providing property management services for the Partnership
and certain affiliates will receive a fee for services in connection with the
sale of the property of $109,346.  The General Partner will be reimbursed by
the Partnership for actual expenses incurred in connection with the sale,
including legal fees.

If the Loan is to be repaid at closing, the closing will occur on the earliest
day the holder of the Loan will permit the Loan to be repaid, to be no earlier
than June 6, 1996.  If the Purchaser has exercised the option to assume the
Loan, the closing will be extended to a date no later than July 19, 1996.

The Partnership and affiliates of the General Partner have simultaneously
contracted to sell 18 other properties to the Purchaser, including Eagle Crest
Apartments, Phase I, described elsewhere in this report.  

The closing is subject to the satisfaction of numerous terms and conditions.
There can be no assurance that all of the terms and conditions will be complied
with and, therefore, it is possible the sale of the property may not occur.
b) Eagle Crest Apartments, Phase I

In 1982, Eagle Crest Apartments, Phase I, Irving, Texas, was acquired by a
joint venture (the "Joint Venture") in which the Partnership is general partner
and the seller of the property (the "JV Partner") is the limited partner.  The
Partnership and the JV Partner hold interests in the Joint Venture of 80% and
20%, respectively.  The JV Partner contributed a 20% undivided interest in the
land underneath the property to the Joint Venture and the Partnership
contributed approximately $5,161,000 towards the purchase of the property.  The
property was acquired subject to first mortgage financing of approximately
$7,525,000.  In 1995, the mortgage loan was refinanced with a new mortgage loan
(the "Loan") in the amount of $7,180,000.

On April 23, 1996, the Joint Venture contracted to sell the property for a sale
price of $9,270,000 to an unaffiliated party, ERP Operating Limited Partnership
(the "Purchaser"), an Illinois limited partnership.  The Purchaser has
deposited $300,000 into an escrow account as earnest money.  The Purchaser has
the option, to be exercised prior to May 22, 1996, to assume the Loan at
closing.  If the option is exercised, the Purchaser is obligated to deposit an
additional $200,000 into the escrow account no later than May 23, 1996.  At
closing, the Loan, which is expected to have a then outstanding balance of
approximately $7,100,000, will be either assumed by the Purchaser or repaid
from the sale proceeds, with the remainder of the purchase price paid in cash.
The Purchaser will pay all closing costs relating to the sale, including title
charges and prepayment or assumption fees relating to the Loan.  Of the
remaining sale proceeds, an amount not to exceed $500,000 will be retained by
the Joint Venture and not be available until 120 days after closing.  Neither
the General Partner, its affiliates nor any unaffiliated third party will
receive a brokerage commission in connection with the sale of the property. An
affiliate of the third party providing property management services for the
Partnership and certain affiliates will receive a fee for services in
connection with the sale of the property of $92,700.  The General Partner will
be reimbursed by the Joint Venture for actual expenses incurred in connection
with the sale, including legal fees.  In accordance with the terms of the Joint
Venture agreement, the Partnership will receive all net sale proceeds.

If the Loan is to be repaid at closing, the closing will occur on the earliest
day the holder of the Loan will permit the Loan to be repaid, to be no earlier
than June 6, 1996.  If the Purchaser has exercised the option to assume the
Loan, the closing will be extended to a date no later than July 19, 1996.

The Partnership and affiliates of the General Partner have simultaneously
contracted to sell 18 other properties to the Purchaser, including Desert Sands
Village Apartments described elsewhere in this report.  One of the 19
properties, Eagle Crest Apartments, Phase II, which is owned by a limited
partnership consisting of the JV Partner and an affiliate of the General
Partner, is located adjacent to this property.  If a default occurs under the
agreement of sale for the property or the adjacent property, such action will
be considered a default under the other agreement.  In the event the Purchaser
terminates either agreement, the other agreement will also be deemed to be
terminated.

The closing is subject to the satisfaction of numerous terms and conditions,
including the closing of the sale of the adjacent property.  There can be no
assurance that all of the terms and conditions will be complied with and,
therefore, it is possible the sale of the property may not occur.
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (a)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

             None

     (C)  EXHIBITS:

          (2) (a)  Agreement of Sale and attachment thereto
                     relating to the sale of the Desert Sands Village
                     apartment complex, Phoenix, Arizona.
                 
              (b)  Agreement of Sale and attachment thereto
                     relating to the sale of the Eagle Crest
                     apartment complex, Phase I, Irving, Texas.

No information is required under Items 1, 3, 4, 5, 6 and 8 and these items
have, therefore, been omitted.

Signature
- -------------

     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 hereunto duly authorized.

                    BALCOR REALTY INVESTORS-83

                         By:  Balcor Partners-XIII, an Illinois
                                general partnership, its general
                                partner

                         By:  RGF-Balcor Associates-II, an 
                                Illinois general partnership, a partner

                         By:  The Balcor Company,
                                a Delaware corporation,
                                a partner

                         By:  /s/Jerry M. Ogle
                            ------------------------------------
                                 Jerry M. Ogle, Vice President 
                                 and Secretary
Dated:  May 8, 1996