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)  August 16, 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 5.  OTHER EVENTS
- -------------------------------------------

a)  Walnut Ridge Apartments, Phases I and II

As previously reported, on June 28, 1996, the Partnership contracted to sell
Walnut Ridge Apartments, Phases I and II, Corpus Christi, Texas,  to an
unaffiliated party, BH TFL, Inc., for a sale price of $20,000,000.  On August
16, 1996, the purchaser exercised its option to terminate the agreement of
sale.  

b) Sandridge Apartments, Phase II

In 1982, the Partnership acquired Sandridge Apartments, Phase II, Pasadena,
Texas, utilizing approximately $2,508,000 in offering proceeds.  The property
was acquired subject to mortgage financing of $4,670,000 which included a first
mortgage loan from a third party of approximately $4,190,000 and an unsecured
loan from the seller of approximately $480,000 ("Seller's Note").  An affiliate
of the General Partner purchased the first mortgage loan in 1987.  Pursuant to
a settlement with the seller in 1988, the Partnership was relieved of its
obligation to repay the Seller's Note. The first mortgage loan  was refinanced
in 1989 with a new $3,123,000 first mortgage loan from a third party and a
$1,294,920 second mortgage loan from an affiliate of the General Partner (the
"Affiliate Loan").  The Affiliate Loan was repaid in 1993.  In 1994, the first
mortgage loan was refinanced with a new $3,000,000 first mortgage loan from a
third party.    

On August 27, 1996, the Partnership contracted to sell the property for a sale
price of $5,483,333 to an unaffiliated party, Alliance Holdings, L.L.C., an
Illinois limited liability company.  The purchaser has deposited $75,000 into
an escrow account as earnest money.  The remainder of the sale price will be
payable in cash at closing, scheduled for September 30, 1996.  From the
proceeds of the sale, the Partnership will pay the outstanding balance of the
first mortgage loan which is expected to be approximately $2,956,000 at
closing,  a prepayment penalty of approximately $75,000 and $82,250 to a third
party as a brokerage commission.  An affiliate of the third party providing
property management services for the property will receive a fee of $41,125 for
services rendered in connection with the sale of the property.  The Partnership
will receive the remaining proceeds of approximately $2,329,000, less closing
costs.  

Neither the General Partner nor any affiliate will receive a brokerage
commission in connection with the sale of the property. The General Partner
will be reimbursed by the Partnership for its actual expenses incurred in
connection with the sale.

An affiliate of the General Partner has simultaneously contracted to sell
Sandridge Apartments, Phase I, located adjacent to Phase II, to the purchaser.
In the event that the agreement of sale for Phase I or Phase II is terminated
for any reason, the agreement of sale for the other phase will also be
terminated.  In addition, affiliates of the General Partner  have recently
contracted to sell two other properties to the purchaser.

The closing is subject to the satisfaction of numerous terms and conditions,
including the sale of Phase I.  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:

          (99) (a)  Letter Agreement relating to the sale of  Walnut Ridge  
                    Apartments, Phases I and II, Corpus Christi, Texas.

               (b)  (i)  Agreement of Sale relating to the sale of Sandridge
                         Apartments, Phase II, Pasadena, Texas.

                   (ii)  Modification Agreement relating to the sale
                         of Sandridge Apartments, Phase II, Pasadena, Texas.


     No information is required under Items 1, 2, 3, 4, 6 and 8 and these items
have, therefore, been omitted.
<PAGE>
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:  September 11, 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)  August 16, 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 5.  OTHER EVENTS
- -------------------------------------------

a)  Walnut Ridge Apartments, Phases I and II

As previously reported, on June 28, 1996, the Partnership contracted to sell
Walnut Ridge Apartments, Phases I and II, Corpus Christi, Texas,  to an
unaffiliated party, BH TFL, Inc., for a sale price of $20,000,000.  On August
16, 1996, the purchaser exercised its option to terminate the agreement of
sale.  

b) Sandridge Apartments, Phase II

In 1982, the Partnership acquired Sandridge Apartments, Phase II, Pasadena,
Texas, utilizing approximately $2,508,000 in offering proceeds.  The property
was acquired subject to mortgage financing of $4,670,000 which included a first
mortgage loan from a third party of approximately $4,190,000 and an unsecured
loan from the seller of approximately $480,000 ("Seller's Note").  An affiliate
of the General Partner purchased the first mortgage loan in 1987.  Pursuant to
a settlement with the seller in 1988, the Partnership was relieved of its
obligation to repay the Seller's Note. The first mortgage loan  was refinanced
in 1989 with a new $3,123,000 first mortgage loan from a third party and a
$1,294,920 second mortgage loan from an affiliate of the General Partner (the
"Affiliate Loan").  The Affiliate Loan was repaid in 1993.  In 1994, the first
mortgage loan was refinanced with a new $3,000,000 first mortgage loan from a
third party.    

On August 27, 1996, the Partnership contracted to sell the property for a sale
price of $5,483,333 to an unaffiliated party, Alliance Holdings, L.L.C., an
Illinois limited liability company.  The purchaser has deposited $75,000 into
an escrow account as earnest money.  The remainder of the sale price will be
payable in cash at closing, scheduled for September 30, 1996.  From the
proceeds of the sale, the Partnership will pay the outstanding balance of the
first mortgage loan which is expected to be approximately $2,956,000 at
closing,  a prepayment penalty of approximately $75,000 and $82,250 to a third
party as a brokerage commission.  An affiliate of the third party providing
property management services for the property will receive a fee of $41,125 for
services rendered in connection with the sale of the property.  The Partnership
will receive the remaining proceeds of approximately $2,329,000, less closing
costs.  

Neither the General Partner nor any affiliate will receive a brokerage
commission in connection with the sale of the property. The General Partner
will be reimbursed by the Partnership for its actual expenses incurred in
connection with the sale.

An affiliate of the General Partner has simultaneously contracted to sell
Sandridge Apartments, Phase I, located adjacent to Phase II, to the purchaser.
In the event that the agreement of sale for Phase I or Phase II is terminated
for any reason, the agreement of sale for the other phase will also be
terminated.  In addition, affiliates of the General Partner  have recently
contracted to sell two other properties to the purchaser.

The closing is subject to the satisfaction of numerous terms and conditions,
including the sale of Phase I.  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:

          (99) (a)  Letter Agreement relating to the sale of  Walnut Ridge  
                    Apartments, Phases I and II, Corpus Christi, Texas.

               (b)  (i)  Agreement of Sale relating to the sale of Sandridge
                         Apartments, Phase II, Pasadena, Texas.

                   (ii)  Modification Agreement relating to the sale
                         of Sandridge Apartments, Phase II, Pasadena, Texas.

     No information is required under Items 1, 2, 3, 4, 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:  September 11, 1996