UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME (Unaudited)			NINE MONTHS ENDED				THREE MONTHS ENDED
			Sept. 30,2001	Sept. 30,2000		Sept. 30,2001	Sept. 30,2000
			(unaudited)	(unaudited)		(unaudited)	(unaudited)
Income:
Rental Income			$6,349,385	$6,282,301		$2,114,167	$2,089,369													--
Other			390,060	501,171		140,285	183,737
Total Income			$6,739,445	$6,783,472		$2,254,452	$2,273,106
Operating Expenses:
Administrative Expenses
(Including $334,906,$331,584,$112,093 and
$111,883 in Property Management
Fees Paid to An Affiliate for the Nine and Three Month Periods
Ended Sept. 30, 2001 and 2000, Respectively)			1,323,593	1,403,074		431,120	428,581
Property Taxes			634,057	633,225		210,568	211,020
Utilities			425,192	386,610		134,149	128,120
Property Operations			766,541	733,576		233,540	254,786
Depreciation And Amortization			680,041	714,961		226,680	238,320
Interest			2,031,336	2,041,682		681,930	688,205
Total Operating Expenses			$5,860,760	$5,913,128		$1,917,987	$1,949,032
Net Income			$878,685	$870,344		$336,465	$324,074
Income Per Limited Partnership Unit:
Class A			$14.67	$13.73		$6.22	$5.48
Class B			$41.57	$42.84		$14.67	$15.20
Distribution Per Limited Partnership Unit
Class A			$8.75	$8.00		$3.00	$2.75
Class B			$8.75	$8.00		$3.00	$2.75
Weighted Average Number Of Limited
Partnership Units Outstanding
Class A			20,230	20,230		20,230	20,230
Class B			9,770	9,770		9,770	9,770
STATEMENT OF PARTNERS' DEFICIT (unaudited)
			General Partner		Class A Limited	Class B Limited	Total
Beginning Balance as of December 31, 2000			($2,690,242)		($9,503,207)	$198,357	($11,995,092)
Net Income			175,737		296,806	406,142	878,685
Distributions			(507,813)		(177,012)	(85,488)	(770,313)
Balance as of September 30,2001			($3,022,318)		($9,383,413)	$519,011	($11,886,720)
See Notes to Financial Statements
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