UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	March 31,2003		December 31, 2002
	(Unaudited)
Properties:
Land	$11,647,745		$11,647,745
Buildings And Improvements	51,229,021		51,212,057
Furniture And Fixtures	605,838		616,662
	63,482,604		63,476,464
Less Accumulated Depreciation	(26,037,811)		(25,618,711)
	37,444,793		37,857,753
Cash And Cash Equivalents	2,957,348		3,118,034
Unamortized Finance Costs	531,591		536,820
Manufactured Homes and Improvements	1,455,910		1,110,202
Other Assets	1,341,811		1,508,047
Total Assets	$43,731,453		$44,130,856
LIABILITIES & PARTNERS EQUITY	March 31,2003		December 31, 2002
	(Unaudited)
Accounts Payable	$131,341		$178,328
Other Liabilities	706,486		704,535
Notes Payable	28,156,219		28,273,124
Total Liabilities	28,994,046		29,155,987
Partners' Equity:
General Partner	325,830		320,607
Unit Holders	14,411,577		14,654,262
Total Partners' Equity	14,737,407		14,974,869
Total Liabilities And
Partners' Equity	$43,731,453		$44,130,856
See Notes to Financial Statements
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