EXHIBIT 99(a)(5)

               EQUITY RESOURCE LEXINGTON FUND LIMITED PARTNERSHIP

                                 14 Story Street
                               Cambridge, MA 02138

                                  June 14, 2001

                       REVISED OFFER TO PURCHASE UNITS IN
                     URBAN IMPROVEMENT FUND LIMITED 1973-II
                                FOR $155 PER UNIT

Dear Limited Partner:

Equity Resource Lexington Fund Limited Partnership(the "Lexington Fund" or
"Purchaser") has revised its May 29, 2001 offer to purchase limited partnership
units in Urban Improvement Fund Limited 1973-II (the "Partnership") and is now
offering to pay limited partners $155 per unit. In addition, Lexington Fund has
decided to extend the tender offer period, which currently runs until June 26,
2001, to June 28, 2001.

LEXINGTON FUND'S OFFER PRICE IS SUBSTANTIALLY HIGHER THAN THE MOST RECENTLY
REPORTED PRICES PAID BY THE GENERAL PARTNER OF THE PARTNERSHIP AND BY AN
AFFILIATE OF THE GENERAL PARTNER (THE "GENERAL PARTNER"). ACCORDING TO THE
PARTNERSHIP'S 10-K, THE GENERAL PARTNER PURCHASED 279 UNITS IN THE PARTNERSHIP
DURING THE FISCAL YEAR ENDING DECEMBER 31, 2000. THE GENERAL PARTNER'S PURCHASE
PRICE WAS $100 PER UNIT FOR 42 UNITS AND $60 PER UNIT FOR 237 UNITS.

Lexington Fund will pay $155 per unit to all limited partners who tender their
units during the tender offer period, which now runs until June 28, 2001. This
includes limited partners who have already tendered their units pursuant to our
May 29, 2001 mailing. Refer to the Lexington Fund's Schedule TO tender offer for
all other terms and conditions of the offer. This offer expires on June 26,
2001.

Limited partners who wish to sell their units should complete the enclosed
Agreement of Sale according to the directions on the back of the agreement, sign
where indicated and return it in the pre-addressed return envelope. If you have
any questions or need a copy of the Purchaser's original offer, please call
Equity Resources Group, Inc., the information agent for this offer, at (617)
876-4800, or e-mail them at info@equityresources.com.

Sincerely,


Equity Resource Lexington Fund LP