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)  September 4, 1996

                     BALCOR REALTY INVESTORS 84-SERIES II
                       A REAL ESTATE LIMITED PARTNERSHIP
         ------------------------------------------------------------
                           Exact Name of Registrant


Maryland                                0-13334
- --------------------------------        --------------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3223939
- --------------------------------        --------------------------------
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
- -----------------------------------------------------------------------

Westwood Village Apartments

In 1983,  the Partnership  acquired the  Westwood Village  Apartments,  Irving,
Texas, utilizing approximately $5,492,000 of  offering proceeds.  The  property
was acquired  subject to  a first  mortgage  loan of  $8,629,000 and  a  second
mortgage loan of $160,000.

On September 4,  1996, the Partnership  contracted to sell  the property for  a
sale price of $9,000,000 to  an unaffiliated party, Alliance Holdings,  L.L.C.,
an Illinois limited  liability company.   The purchaser  has deposited  $90,000
into an escrow account as earnest money.  The remainder of the sale price  will
be payable  in  cash at  closing,  scheduled for  November  1, 1996.  From  the
proceeds of the sale, the Partnership will pay the outstanding balances of  the
first  and  second  mortgage  loans  which  are  expected  to  be  at   closing
approximately $6,793,000 and  $151,000, respectively, $180,000  as a  brokerage
commission to an unaffiliated  party and $90,000 to  an affiliate of the  third
party providing property  management services  for the  property as  a fee  for
services rendered in connection with the sale of the property.  The Partnership
will receive the remaining proceeds  of approximately $1,786,000, 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.

Affiliates of the General Partner have recently contracted to sell three  other
properties to the purchaser.

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.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (A)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

            None

     (C)  EXHIBITS:

          (2)  Agreement of Sale and attachment thereto relating to 
               the sale of Westwood Village Apartments, Irving, Texas.

                 
     No information is required under Items 1, 3, 4, 5, 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 84-SERIES II
                    A REAL ESTATE LIMITED PARTNERSHIP

                         By:  Balcor Partners-84 II, Inc., a 
                              Delaware corporation, its general partner

                         By:  /s/ Jerry M. Ogle
                              ------------------------------------
                                  Jerry M. Ogle, Vice President 
                                  and Secretary

Dated:  September 18, 1996
<PAGE>
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{"company-data": {"conformed-name": "BALCOR REALTY INVESTORS 84 SERIES II", "cik": "0000740582", "assigned-sic": "6500", "irs-number": "363223939", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-13334", "film-number": "96631847"}, "business-address": {"street1": "4849 GOLF ROAD", "city": "SKOKIE", "state": "IL", "zip": "60077", "phone": "7086772900"}, "mail-address": {"street1": "4849 GOLF ROAD", "city": "SKOKIE", "state": "IL", "zip": "6007"}}
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)  September 4, 1996

                     BALCOR REALTY INVESTORS 84-SERIES II
                       A REAL ESTATE LIMITED PARTNERSHIP
         ------------------------------------------------------------
                           Exact Name of Registrant

Maryland                                0-13334
- --------------------------------        --------------------------------
State or other jurisdiction             Commission file number

2355 Waukegan Road
Suite A200
Bannockburn, Illinois                   36-3223939
- --------------------------------        --------------------------------
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
- -----------------------------------------------------------------------

Westwood Village Apartments

In 1983,  the Partnership  acquired the  Westwood Village  Apartments,  Irving,
Texas, utilizing approximately $5,492,000 of  offering proceeds.  The  property
was acquired  subject to  a first  mortgage  loan of  $8,629,000 and  a  second
mortgage loan of $160,000.

On September 4,  1996, the Partnership  contracted to sell  the property for  a
sale price of $9,000,000 to  an unaffiliated party, Alliance Holdings,  L.L.C.,
an Illinois limited  liability company.   The purchaser  has deposited  $90,000
into an escrow account as earnest money.  The remainder of the sale price  will
be payable  in  cash at  closing,  scheduled for  November  1, 1996.  From  the
proceeds of the sale, the Partnership will pay the outstanding balances of  the
first  and  second  mortgage  loans  which  are  expected  to  be  at   closing
approximately $6,793,000 and  $151,000, respectively, $180,000  as a  brokerage
commission to an unaffiliated  party and $90,000 to  an affiliate of the  third
party providing property  management services  for the  property as  a fee  for
services rendered in connection with the sale of the property.  The Partnership
will receive the remaining proceeds  of approximately $1,786,000, 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.

Affiliates of the General Partner have recently contracted to sell three  other
properties to the purchaser.

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.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS
- ----------------------------------------------------------------------

     (A)  FINANCIAL STATEMENTS AND EXHIBITS:

            None

     (B)  PRO FORMA FINANCIAL INFORMATION:

            None

     (C)  EXHIBITS:

          (2)  Agreement of Sale and attachment thereto relating to 
               the sale of Westwood Village Apartments, 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 84-SERIES II
                    A REAL ESTATE LIMITED PARTNERSHIP

                         By:  Balcor Partners-84 II, Inc., a 
                              Delaware corporation, its general partner

                         By:  /s/ Jerry M. Ogle
                              ------------------------------------
                                  Jerry M. Ogle, Vice President 
                                  and Secretary

Dated:  September 18, 1996