UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME		THREE MONTHS ENDED
		March 31, 2004	March 31, 2003
		(unaudited)	(unaudited)
Income:
Rental Income		$2,832,398	$2,924,202														--
Other		163,046	144,688
Home Sale Income		217,620	182,301
Total Income		$3,213,064	$3,251,191
Operating Expenses:
Administrative Expenses
(Including $148,945 and $152,931, in Property Management
Fees Paid to an Affiliate for the Three Month Period Ending
March 31, 2004 and 2003 Respectively)		884,732	827,174
Property Taxes		278,573	268,752
Utilities		182,873	201,413
Property Operations		362,296	352,227
Depreciation And Amortization		454,126	440,907
Interest		446,928	449,294
Home Sale Expense		226,391	189,107
Total Operating Expenses		$2,835,919	$2,728,874
Net Income		$377,145	$522,317
Income Per Unit:		0.11	0.16
Distribution Per Unit:		0.23	0.23
Weighted Average Number Of Units
Of Beneficial Assignment Of Limited Partnership
Interest Outstanding During The Period Ending
March  31, 2004 and 2003		3,303,387	3,303,387
STATEMENT OF PARTNERS' EQUITY (Unaudited)
	General Partner	Unit Holders	Total
Balance, January 1, 2004	$341,724	$13,705,732	$14,047,456
Distributions		(759,778)	(759,778)
Net Income	3,771	373,374	377,145
Balance as of March 31, 2004	$345,495	$13,319,328	$13,664,823
See Notes to Financial Statements
	4