UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME (Unaudited)
			NINE MONTHS ENDED			THREE MONTHS ENDED
			Sept. 30,2003	Sept. 30,2002		Sept. 30,2003	Sept. 30,2002
Income:			(unaudited)	(unaudited)		(unaudited)	(unaudited)
Rental Income
Home Sale Income			$6,281,306	$6,425,105		$2,060,571	$2,119,749													--
Other			$1,276,035	$1,529,562		$396,379	$443,450
			366,894	344,515		104,533	114,697
Total Income
			$7,924,235	$8,299,182		$2,561,483	$2,677,896
Operating Expenses:
Administrative Expenses
(Including $331,917,$337,754,$108,075 and
$111,499 in Property Management
Fees Paid to An Affiliate for the Nine and Three Month Periods
Ended Sept. 30, 2003 and 2002, Respectively)
Property Taxes			1,459,360	1,377,000		490,877	460,214
Utilities			693,254	652,590		231,377	217,488
Property Operations			410,570	408,533		134,657	133,995
Depreciation And Amortization			798,252	900,878		283,941	300,346
Interest			701,923	684,112		243,029	227,550
Home Sale Expense			1,986,633	2,010,884		667,642	675,111
			1,149,561	1,437,898		357,562	422,370
Total Operating Expenses
			$7,199,553	$7,471,895		$2,409,085	$2,437,074
Net Income
			$724,682	$827,287		$152,398	$240,822
Income Per Limited Partnership Unit:
Class A
Class B			$10.28	$12.99		$0.93	$3.41
			$38.05	$40.84		$10.55	$12.66
Distribution Per Limited Partnership Unit
Class A
Class B			$9.00	$9.00		$3.00	$3.00
			$9.00	$9.00		$3.00	$3.00
Weighted Average Number Of Limited
Partnership Units Outstanding
Class A
Class B			20,230	20,230		20,230	20,230
			9,770	9,770		9,770	9,770
STATEMENT OF PARTNERS' DEFICIT (unaudited)
Beginning Balance as of December 31, 2002			General Partner		Class A Limited	Class B Limited	Total
Net Income			($3,661,251)		($9,421,318)	$944,184	($12,138,385)
Distributions			144,936		208,029	371,716	724,682
			(516,000)		(182,070)	(87,930)	(786,000)
Balance as of September 30,2003
			($4,032,315)		($9,395,359)	$1,227,970	($12,199,703)
See Notes to Financial Statements
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