UNIPROP MANUFACTURED HOUSING INCOME FUND
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME		THREE MONTHS ENDED
		March 31,2003		March 31,2002
		(Unaudited)		(Unaudited)
Income:
Rental Income		$2,113,837		$2,143,837														--
Home Sale Income		244,735		325,920
Other		156,108		108,040
Total Income		$2,514,680		$2,577,797
Operating Expenses:
Administrative Expenses
(Including  $113,371 and $113,284 in Property Management
Fees Paid to An Affiliate for the Three Month Period
Ended March 31, 2003 and 2002, Respectively)		492,948		482,851
Property Taxes		230,940		217,569
Utilities		148,850		138,029
Property Operations		239,355		279,273
Depreciation And Amortization		229,412		220,193
Interest		651,884		663,951
Home Sale Expense		217,474		306,948
Total Operating Expenses		$2,210,863		$2,308,814
Net Income		$303,817		$268,983
Income Per Limited Partnership Unit:
Class A		$5.15		$4.25
Class B		$14.22		$13.22
Distribution Per Limited Partnership Unit
Class A		$3.00		$3.00
Class B		$3.00		$3.00
Weighted Average Number Of Limited
Partnership Units Outstanding
Class A		20,230		20,230
Class B		9,770		9,770
STATEMENT OF PARTNER'S EQUITY (Unaudited)
	Total	General Partner		Class A Lmited		Class B Limited	Total
Beginning Balance of December 31, 2002	(12,138,385)	(3,661,251)		(9,421,318)		944,184
Net Income	303,817	60,763		104,116		138,938
Distributions	(259,250)	(169,250)		(60,690)		(29,310)
Balance as of March 31, 2003	(12,093,818)	(3,769,738)		(9,377,892)		1,053,812	0
See Notes to Financial Statements
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