UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	September 30,2002		December 31, 2001
	(Unaudited)
Properties:
Land	$11,647,745		$11,662,525
Buildings And Improvements	51,080,345		50,708,179
Furniture And Fixtures	602,171		551,111
	63,330,261		62,921,815
Less Accumulated Depreciation	25,201,937		23,894,162
	38,128,324		39,027,653
Cash And Cash Equivalents	3,286,624		3,741,016
Unamortized Finance Costs	543,419		557,736
Manufactured Homes & Improvements	1,249,359		1,142,579
Other Assets	1,446,712		1,147,960
Total Assets	$44,654,438		$45,616,944
LIABILITIES & PARTNER  EQUITY	September 30,2002		December 31, 2001
	(Unaudited)
Accounts Payable	$131,327		$265,037
Other Liabilities	933,608		704,218
Notes Payable	28,383,320		28,817,758
Total Liabilities	$29,448,255		$29,787,013
Partners' Equity:
General Partner	315,322		299,427
Unit Holders	14,890,861		15,530,504
Total Partners' Equity	15,206,183		15,829,931
Total Liabilities And
Partners' Equity	$44,654,438		$45,616,944
See Notes to Financial Statements
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