UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	June 30,2003		December 31, 2002
	(Unaudited)
Properties:
Land	$11,666,645		$11,647,745
Buildings And Improvements	51,344,772		51,212,057
Furniture And Fixtures	623,085		616,662
	63,634,502		63,476,464
Less Accumulated Depreciation	26,453,775		25,618,711
	37,180,727		37,857,753
Cash And Cash Equivalents	3,245,079		3,118,034
Unamortized Finance Costs	526,362		536,820
Manufactured Homes & Improvements	1,297,450		1,110,202
Other Assets	1,503,950		1,508,047
Total Assets	$43,753,568		$44,130,856
LIABILITIES & PARTNER  EQUITY	June 30,2003		December 31, 2002
	(Unaudited)
Accounts Payable	$185,852		$178,328
Other Liabilities	910,976		704,535
Notes Payable	28,047,348		28,273,124
Total Liabilities	$29,144,176		$29,155,987
Partners' Equity:
General Partner	332,148		320,607
Unit Holders	14,277,244		14,654,262
Total Partners' Equity	14,609,392		14,974,869
Total Liabilities And
Partners' Equity	$43,753,568		$44,130,856
See Notes to Financial Statements
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