CONSENT OF INDEPENDENT AUDITORS


     We consent to the reference to our firm under the
     caption "Experts" in the Form S-3 Registration
     Statement and related Prospectus of Brauvin Net Lease
     V, Inc. and to the incorporation by reference therein
     of our report dated March 27, 1996, with respect to the
     financial statements and schedule of Brauvin Net Lease
     V, Inc. included in its Annual Report (Form 10-K) for
     the year ended December 31, 1995, filed with the
     Securities and Exchange Commission




                                             ERNST & YOUNG LLP


     Chicago, Illinois
     May 15, 1996