UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME			NINE MONTHS ENDED		THREE MONTHS ENDED
		September 30, 2003	September 30, 2002		September 30,2003	September 30, 2002
		(unaudited)	(unaudited)		(unaudited)	(unaudited)
Income:
Rental Income		$8,795,386	$8,866,525		2,932,335	2,913,136											--
Other		495,566	567,558		145,931	157,277
Home Sale Income		1,390,689	794,882		596,588	431,882
Total Income		$10,681,641	$10,228,965		3,674,854	3,502,295
Operating Expenses:
Administrative Expenses
(Including $462,613, $464,380, $153,154 and $152,835 in Property Management
Fees Paid to an Affiliate for the Nine and Three Month Period Ending
September 30, 2003 and 2002 Respectively)		2,486,090	2,335,621		842,571	765,708
Property Taxes		806,037	810,330		268,581	270,000
Utilities		628,639	651,611		221,522	225,538
Property Operations		1,149,396	1,323,899		394,402	448,844
Depreciation And Amortization		1,330,375	1,323,462		445,964	443,134
Interest		1,358,840	1,381,415		455,549	462,768
Home Sale Expense		1,311,503	813,106		589,585	454,669
Total Operating Expenses		$9,070,880	$8,639,444		$3,218,174	$3,070,661
Net Income		$1,610,761	$1,589,521		$456,680	$431,634
Income Per Unit:		0.48	0.48		0.14	0.13
Distribution Per Unit:		0.69	0.67		0.23	0.23
Weighted Average Number Of Units
Of Beneficial Assignment Of Limited Partnership
Interest Outstanding During The Period Ending
September 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	(2,279,337)		(2,279,337)
Net Income		16,108	1,594,653		1,610,761
Balance as of September 30, 2003		$336,715	$13,969,578		$14,306,293
See Notes to Financial Statements
	4