UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
                                                                  A MICHIGAN LIMITED PARTNERSHIP
   
     
 
STATEMENTS OF INCOME       SIX MONTHS ENDED THREE MONTHS ENDED
June 30, 2003 June 30, 2002 June 30,2003   June 30, 2002
(unaudited) (unaudited) (unaudited) (unaudited)
Income:
  Rental Income $5,863,051 $5,953,389 2,938,849 2,949,429 --
  Other 349,635 410,281 204,947 263,944
   Home Sale Income 794,101 363,000 611,800 194,564
Total Income $7,006,787 $6,726,670 3,755,596 3,407,937
Operating Expenses:
  Administrative Expenses
   (Including $309,459, $311,545, $156,528 and $156,921, in Property Management
   Fees Paid to an Affiliate for the Six and Three Month Period Ending
   June 30, 2003 and 2002 Respectively) 1,643,519 1,569,913 816,345 729,171
  Property Taxes 537,456 540,330 268,704 270,096
  Utilities 407,117 426,073 205,704 211,258
  Property Operations 754,994 875,055 402,767 459,383
  Depreciation And Amortization 884,411 880,328 443,504 449,101
  Interest 903,291 918,647 453,997 460,601
  Home Sale Expense 721,918 358,437 532,811 173,342
Total Operating Expenses $5,852,706 $5,568,783 $3,123,832 $2,752,952
Net Income $1,154,081 $1,157,887 $631,764 $654,985
Income Per Unit: 0.35 0.35 0.19 0.20
Distribution Per Unit: 0.46 0.44 0.23 0.23
Weighted Average Number Of Units
 Of Beneficial Assignment Of Limited Partnership
 Interest Outstanding During The Period Ending
 June 30, 2003 and 2002 3,303,387 3,303,387 3,303,387 3,303,387
STATEMENT OF PARTNERS' EQUITY (Unaudited)
General Partner Unit Holders Total
Balance, January 1, 2003 $320,607 $14,654,262 $14,974,869
Distributions 0 (1,519,558) (1,519,558)
Net Income 11,541 1,142,540 $1,154,081
Balance as of June 30, 2003 $332,148 $14,277,244 $14,609,392
                                                                                  See Notes to Financial Statements
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