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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report: July 19, 2000
(Date of earliest event reported)
Inland's Monthly Income Fund, L.P.
(Exact name of registrant as specified in the charter)
Delaware 0-16790 36-3525989
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
2901 Butterfield Road
Oak Brook, Illinois 60523
(Address of Principal Executive Offices)
(630) 218-8000
(Registrant's telephone number including area code)
Not Applicable
Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets
On July 19, 2000, the Partnership sold one of its assets, the
McHenry Shopping Center, located at 410 W. Elm, McHenry Illinois,
to Richard Heidner, an unaffiliated individual, for $3,290,000,
on an all cash basis. The property had a basis of approximately
$2,459,000, resulting in a gain of approximately $674,000, net of
closing costs. Net sales proceeds will be distributes to the
Limited Partners during the third quarter of 2000.
Item 7. Financial Statements and Exhibits
(a) Financial Statements. Not Applicable
(b) Pro Forma Financial Information - Narrative
As a result of the sale of the property, prospectively there will
be no property operations included in the financial statements of
the Partnership relating to this property. The following sets
forth the amounts of selected accounts in the financial
statements of the Partnership relating to this porperty.
For the year
ended
December 31, 1999
Rental Income $412,407
Operating Expenses 275,583
Depreciation 150,124
Net Loss (13,300)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Inland's Monthly Income Fund, L.P.
(Registrant)
By:/s/ KELLY TUCEK
Kelly Tucek
Principal Financial Officer,
and Principal Accounting Officer
Date: August 2, 2000
