UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
                                                                  A MICHIGAN LIMITED PARTNERSHIP
   
     
 
STATEMENTS OF INCOME       THREE MONTHS ENDED
March 31, 2002 March 31, 2001
(unaudited) (unaudited)
Income:
  Rental Income $3,003,960 $3,099,590 --
  Other 146,337 192,457
  Home Sale Income 168,436 151,000
Total Income $3,318,733 $3,443,047
Operating Expenses:
  Administrative Expenses
   (Including $156,921 and $162,683, in Property Management
   Fees Paid to an Affiliate for the Three Month Period Ending
   March 31, 2002 and 2001 Respectively) 840,742 845,724
  Property Taxes 270,234 241,805  
  Utilities 214,815 208,143
  Property Operations 415,672 364,230
  Depreciation And Amortization 431,227 450,237
  Interest 458,046 466,810
  Home Sale Expense 185,095 209,430
Total Operating Expenses $2,815,831 $2,786,379
Net Income $502,902 $656,668
Income Per Unit: 0.15 0.20
Distribution Per Unit: 0.21 0.19
 
Weighted Average Number Of Units
 Of Beneficial Assignment Of Limited Partnership
 Interest Outstanding During The Period Ending
 March  31, 2002 and 2001 3,303,387 3,303,387
STATEMENT OF PARTNERS' EQUITY (Unaudited)
      General Partner Unit Holders Total
Balance, January 1, 2002 $299,427 $15,530,504 $15,829,931
Distributions                         -                 (693,711)               (693,711)
Net Income                  5,029                 497,873                 502,902
Balance as of March 31, 2002 $304,456 $15,334,666 $15,639,122
                                                                                  See Notes to Financial Statements
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