UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
                             A MICHIGAN LIMITED PARTNERSHIP
                                                BALANCE SHEETS
ASSETS September 30,2001 December 31, 2000
(Unaudited)
Properties:
  Land $5,280,000 $5,280,000
  Buildings And Improvements 24,432,997 24,350,053
  Furniture And Fixtures 207,165 201,106
  Manufactured Homes and Improvements 1,342,037 1,022,717
31,262,199 30,853,876
  Less Accumulated Depreciation 11,987,529 11,371,988
19,274,670 19,481,888
Cash And Cash Equivalents 538,678 476,829
Cash -Security Escrow 305,158 231,158
Unamortized Finance Costs 474,048 538,548
Other Assets 1,457,316 966,265
Total Assets $22,049,870 $21,694,688
LIABILITIES and PART. DEFICIT September 30,2001 December 31, 2000
             (Unaudited)
Line of Credit $270,755 $300,000  
Accounts Payable 210,878 70,908
Other Liabilities 1,100,652 738,454
Mortgage Payable 32,354,305 32,580,418
Total Liabilities $33,936,590 $33,689,780
Partners' (Deficit) Equity:
  General Partner (3,022,318) (2,690,242)
  Class A Limited Partners (9,383,413) (9,503,207)
  Class B Limited Partners 519,011 198,357
Total Partners' Deficit (11,886,720) (11,995,092)
Total Liabilities And  
  Partners' Deficit $22,049,870   $21,694,688
                                        See Notes to Financial Statements
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