SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             _______________________
                                 Amendment No. 2
                                       to
                                   SCHEDULE TO
         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934
                               ___________________

                 CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2
                            (Name of Subject Company)

    MPF-NY 2007, LLC; MPF Badger Acquisition Co., LLC; SCM Special Fund, LLC;
           MPF DeWaay Fund 3, LLC; MPF DeWaay Fund 5, LLC; MacKenzie
        Patterson Special Fund 5, LLC; and MacKenzie Patterson Fuller, LP
                                    (Bidders)
                      UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                 None or unknown
                      (CUSIP Number of Class of Securities)
                             _______________________
                                                Copy to:
Christine Simpson                               Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP                  MacKenzie Patterson Fuller, LP
1640 School Street                              1640 School Street
Moraga, California  94556                       Moraga, California  94556
(925) 631-9100 ext.224                          (925) 631-9100 ext. 206

                     (Name, Address, and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

                  Transaction                       Amount of
                  Valuation*                       Filing Fee
                  ----------                       ----------
                  $2,181,732                         $66.98

*     For purposes of calculating the filing fee only. Assumes the purchase of
      181,811 Units at a purchase price equal to $12.00 per Unit in cash.

[X]   Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
      and identify the filing with which the offsetting fee was previously paid.
      Identify the previous filing by registration statement number, or the Form
      or Schedule and the date of its filing.

      Amount Previously Paid:    $50.23
      Form or Registration Number: SC TO-T
      Filing Party: MacKenzie Patterson Fuller, LP
      Date Filed: April 20, 2007


|_|   Check the box if the filing relates solely to preliminary communications
      made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

|X|   third party tender offer subject to Rule 14d-1.

|_|   issuer tender offer subject to Rule 13e-4.

|_|   going private transaction subject to Rule 13e-3

|_|   amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: |_|


The  Schedule  TO filed as of April 18,  2007,  as amended  May 4, 2007,  by the
above-named  bidders is hereby  amended as set forth  below.  Items not  amended
remain  unchanged,  and  capitalized  terms are used as defined in the  original
Schedule.

                                  TENDER OFFER

This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF-NY 2007,  LLC; MPF Badger  Acquisition  Co., LLC; SCM Special Fund, LLC; MPF
DeWaay Fund 3, LLC; MPF DeWaay Fund 5, LLC; MacKenzie  Patterson Special Fund 5,
LLC  (collectively  the "Purchasers") to purchase up to 181,811 Units of limited
partnership  interest  (the  "Units")  in  Consolidated  Capital   Institutional
Properties  2 (the  "Partnership"),  the  subject  company,  upon the  terms and
subject to the  conditions  set forth in the Offer to  Purchase  dated April 18,
2007 (the "Offer to Purchase") and the related Letter of Transmittal.

The Offer is hereby amended to extend the Expiration Date to June 5, 2007 and to
increase  the  purchase  price  to  $12  per  Unit,   less  the  amount  of  any
distributions  declared or made with respect to the Units between April 18, 2007
(the  "Offer  Date") and June 5, 2007 or such other date to which this Offer may
be  extended  (the  "Expiration  Date"),  upon  the  terms  and  subject  to the
conditions  set forth in the Offer to Purchase  dated April 18, 2007 (the "Offer
to Purchase") and the related Letter of Transmittal.

Item 12. Exhibits.

(a)(1)   Offer to Purchase dated April 18, 2007*
(a)(2)   Letter of Transmittal*
(a)(3)   Form of Letter to Unit holders dated April 18, 2007*
(a)(4)   Form of advertisement in Investor's Business Daily*
(a)(5)   Notice of Withdrawal from AIMCO Properties, LP Tender Offer*
(a)(6)   Supplemental letter to unit holders dated May 4, 2007**
(a)(7)   Notice of Withdrawal from AIMCO Properties, LP Tender Offer as
         amended**
(a)(8)   Form of Press Release**
(a)(9)   Supplemental letter to unit holders dated May 18, 2007
(a)(10)  Form of Press Release

* Previously filed and incorporated by reference from the Schedule TO filed with
the SEC by the Purchasers on April 18, 2007

** Previously  filed and  incorporated  by reference  from the Schedule TO filed
with the SEC by the Purchasers on May 4, 2007

                                   SIGNATURES

      After due inquiry and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

Dated:   May 18, 2007

MPF-NY 2007,  LLC; MPF Badger  Acquisition  Co., LLC; SCM Special Fund, LLC; MPF
DeWaay Fund 3, LLC; MPF DeWaay Fund 5, LLC; MacKenzie  Patterson Special Fund 5,
LLC

By:  /s/ Chip Patterson
     ------------------
     Chip Patterson, Senior Vice President of Manager or General Partner of
     each filing person

MACKENZIE PATTERSON FULLER, LP

By:  /s/ Chip Patterson
     ------------------
     Chip Patterson, Senior Vice President



                                  EXHIBIT INDEX


Exhibit  Description
- -------  -----------

(a)(1)   Offer to Purchase dated April 18, 2007*
(a)(2)   Letter of Transmittal*
(a)(3)   Form of Letter to Unit holders dated April 18, 2007*
(a)(4)   Form of advertisement in Investor's Business Daily*
(a)(5)   Notice of Withdrawal from AIMCO Properties, LP Tender Offer*
(a)(6)   Supplemental letter to unit holders dated May 4, 2007**
(a)(7)   Notice of Withdrawal from AIMCO Properties, LP Tender Offer as
         amended**
(a)(8)   Form of Press Release**
(a)(9)   Supplemental letter to unit holders dated May 18, 2007
(a)(10)  Form of Press Release

* Previously filed and incorporated by reference from the Schedule TO filed with
the SEC by the Purchasers on April 18, 2007

** Previously  filed and  incorporated  by reference  from the Schedule TO filed
with the SEC by the Purchasers on May 4, 2007