<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<CIK> 0000895417
<NAME> MANUFACTURED HOME COMMUNITIES, INC.
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                           3,229
<SECURITIES>                                         0
<RECEIVABLES>                                      745
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<INVENTORY>                                          0
<CURRENT-ASSETS>                                14,485
<PP&E>                                         760,688
<DEPRECIATION>                                 (84,095)
<TOTAL-ASSETS>                                 728,325
<CURRENT-LIABILITIES>                           45,412
<BONDS>                                              0
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<COMMON>                                           247
<OTHER-SE>                                     277,364
<TOTAL-LIABILITY-AND-EQUITY>                   728,325
<SALES>                                         86,886
<TOTAL-REVENUES>                                89,067
<CGS>                                                0
<TOTAL-COSTS>                                   33,153
<OTHER-EXPENSES>                                 3,241
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              15,573
<INCOME-PRETAX>                                 24,545
<INCOME-TAX>                                         0
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<EXTRAORDINARY>                                      0
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<NET-INCOME>                                    21,850
<EPS-PRIMARY>                                      .88
<EPS-DILUTED>                                      .88