UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
STATEMENTS OF INCOME		NINE MONTHS ENDED			THREE MONTHS ENDED
		September 30, 2004	September 30, 2003		September 30,2004	September 30, 2003
		(unaudited)	(unaudited)		(unaudited)	(unaudited)
Income:
Rental Income		$8,368,107	$8,795,386		2,715,814	2,932,335											--
Other		626,072	495,566		242,191	145,931
Home Sale Income		746,359	1,390,689		335,314	596,588
Total Income		$9,740,538	$10,681,641		3,293,319	3,674,854
Operating Expenses:
Administrative Expenses
(Including $446,888, $462,613, $146,939 and $153,154 in Property Management
Fees Paid to an Affiliate for the Nine and Three Month Period Ending
September 30, 2004 and 2003 Respectively)		2,510,318	2,486,090		808,947	842,571
Property Taxes		834,821	806,037		277,986	268,581
Utilities		553,085	628,639		196,175	221,522
Property Operations		1,151,541	1,149,396		396,602	394,402
Depreciation And Amortization		1,366,935	1,330,375		457,455	445,964
Interest		1,341,418	1,358,840		447,933	455,549
Home Sale Expense		761,716	1,311,503		349,066	589,585
Total Operating Expenses		$8,519,834	$9,070,880		$2,934,164	$3,218,174
Net Income		$1,220,704	$1,610,761		$359,155	$456,680
Income Per Unit:		0.37	0.48		0.11	0.14
Distribution Per Unit:		0.69	0.69		0.23	0.23
Weighted Average Number Of Units
Of Beneficial Assignment Of Limited Partnership
Interest Outstanding During The Period Ending
September 30, 2004 and 2003		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, 2004		$341,724	$13,705,732		$14,047,456
Distributions		0	(2,279,336)		(2,279,336)
Net Income		12,207	1,208,497		1,220,704
Balance as of September 30, 2004		$353,931	$12,634,893		$12,988,824
See Notes to Financial Statements
	4