UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
                             A MICHIGAN LIMITED PARTNERSHIP
                                                BALANCE SHEETS
ASSETS March 31,2001 December 31, 2000
(Unaudited)
Properties:
  Land $5,280,000 $5,280,000
  Buildings And Improvements 24,385,678 24,350,053
  Furniture And Fixtures 203,182 201,106
  Manufactured Homes and Improvements 939,273 1,022,717
30,808,133 30,853,876
  Less Accumulated Depreciation 11,584,526 11,371,988
19,223,607 19,481,888
Cash And Cash Equivalents 734,569 476,829
Cash - Security Escrow 231,158 231,158
Unamortized Finance Costs 517,048 538,548
Other Assets 1,188,854 966,265
Total Assets $21,895,236 $21,694,688
LIABILITIES and PARTNERS' DEFICIT March 31, 2001 December 31, 2000
(Unaudited)
Line of Credit $221,736 $300,000  
Accounts Payable 216,718 70,908
Other Liabilities 937,051 738,454
Mortgage Payable 32,496,853 32,580,418
Total Liabilities $33,872,358 $33,689,780
Partners' (Deficit) Equity:
  General Partner (2,803,998) (2,690,242)
  Class A Limited Partners (9,477,094) (9,503,207)
  Class B Limited Partners 303,970 198,357
Total Partners' Deficit (11,977,122) (11,995,092)
Total Liabilities And  
  Partners' Deficit $21,895,236   $21,694,688
                                        See Notes to Financial Statements
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