-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PoppTCPx0E2IzBsCmF/4Yta5id8x0jgxKbgqV7PuYCaA+YEKDtzW/34QaSnDOJhP
 jwPM/k/yVWcSGOJLKjc5ug==

<SEC-DOCUMENT>0001461800-09-000003.txt : 20090626
<SEC-HEADER>0001461800-09-000003.hdr.sgml : 20090626
<ACCEPTANCE-DATETIME>20090626171630
ACCESSION NUMBER:		0001461800-09-000003
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090626
DATE AS OF CHANGE:		20090626
EFFECTIVENESS DATE:		20090626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Austell 1031 DST
		CENTRAL INDEX KEY:			0001461800
		IRS NUMBER:				266715463
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-130266
		FILM NUMBER:		09913790

	BUSINESS ADDRESS:	
		STREET 1:		2901 BUTTERFIELD ROAD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		(630) 218-4916

	MAIL ADDRESS:	
		STREET 1:		2901 BUTTERFIELD ROAD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001461800</cik>
        <entityName>Austell 1031 DST</entityName>
        <issuerAddress>
            <street1>2901 BUTTERFIELD ROAD</street1>
            <street2></street2>
            <city>OAK BROOK</city>
            <stateOrCountry>IL</stateOrCountry>
            <zipCode>60523</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(630) 218-4916</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Other</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Exchange Corporation</firstName>
                <middleName></middleName>
                <lastName>Inland Real Estate</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <street2></street2>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>1031, L.L.C.</firstName>
                <middleName></middleName>
                <lastName>Austell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <street2></street2>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Exchange, L.L.C.</firstName>
                <middleName></middleName>
                <lastName>Austell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2901 Butterfield Road</street1>
                <street2></street2>
                <city>Oak Brook</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60523</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001461800-09-000002</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-03-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Beneficial interests in Delaware Statutory Trust reflecting beneficial interests in real estate</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Inland Securities Corporation</recipientName>
                <recipientCRDNumber>15807</recipientCRDNumber>
                <associatedBDName>Inland Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>15807</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2901 Butterfield Road</street1>
                    <street2></street2>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Peter Fisher</recipientName>
                <recipientCRDNumber>1259923</recipientCRDNumber>
                <associatedBDName>Investacorp, Inc.</associatedBDName>
                <associatedBDCRDNumber>7684</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2901 Butterfield Road</street1>
                    <street2></street2>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Patrick Conway</recipientName>
                <recipientCRDNumber>1337831</recipientCRDNumber>
                <associatedBDName>Investacorp, Inc.</associatedBDName>
                <associatedBDCRDNumber>7684</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2901 Butterfield Road</street1>
                    <street2></street2>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Jerald D. Peabody</recipientName>
                <recipientCRDNumber>3009776</recipientCRDNumber>
                <associatedBDName>Investment Planners, Inc.</associatedBDName>
                <associatedBDCRDNumber>18557</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>121 North Macarthur</street1>
                    <street2></street2>
                    <city>Macomb</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>61455</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Darryl J. Wolff, Sr.</recipientName>
                <recipientCRDNumber>2824029</recipientCRDNumber>
                <associatedBDName>FSC Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>7461</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>513 Dekalb Avenue</street1>
                    <street2></street2>
                    <city>Sycamore</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>60178</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Matthew J. Davis</recipientName>
                <recipientCRDNumber>4412731</recipientCRDNumber>
                <associatedBDName>Beneficial Investment Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>136433</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>26900 Cherry Hills Boulevard</street1>
                    <street2></street2>
                    <city>Sun City</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92586</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>John S. Weiss</recipientName>
                <recipientCRDNumber>1097536</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities, L.P.</associatedBDName>
                <associatedBDCRDNumber>6312</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7541 North Calle Sin Desengano</street1>
                    <street2></street2>
                    <city>Tucson</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <zipCode>85718</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Peter M. Tracz</recipientName>
                <recipientCRDNumber>2390805</recipientCRDNumber>
                <associatedBDName>Questar Capital Corporation</associatedBDName>
                <associatedBDCRDNumber>43100</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1514 West 22nd Street, Tower Floor</street1>
                    <street2></street2>
                    <city>Oak Brook</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <zipCode>60523</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Thomas P. Feldner</recipientName>
                <recipientCRDNumber>2768753</recipientCRDNumber>
                <associatedBDName>Capital Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>8408</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1900 Burnt Boat Drive, Suite 102</street1>
                    <street2></street2>
                    <city>Bismarck</city>
                    <stateOrCountry>ND</stateOrCountry>
                    <zipCode>58503</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>SD</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>David R. Bjork</recipientName>
                <recipientCRDNumber>2243192</recipientCRDNumber>
                <associatedBDName>Capital Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>8408</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1900 Burnt Boat Drive, Suite 102</street1>
                    <street2></street2>
                    <city>Bismarck</city>
                    <stateOrCountry>ND</stateOrCountry>
                    <zipCode>58503</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>SD</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Philip J. Califano</recipientName>
                <recipientCRDNumber>2575299</recipientCRDNumber>
                <associatedBDName>Sagepoint Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>133763</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>755 West Ninth Street</street1>
                    <street2></street2>
                    <city>San Pedro</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>90731</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>8100800</totalOfferingAmount>
            <totalAmountSold>2534996</totalAmountSold>
            <totalRemaining>5565804</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>16</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>567056</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>972097</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Austell 1031 DST</issuerName>
                <signatureName>/s/ Patricia A. DelRosso</signatureName>
                <nameOfSigner>Patricia A. DelRosso</nameOfSigner>
                <signatureTitle>President of Member of Signatory Trustee</signatureTitle>
                <signatureDate>2009-06-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----