U. S. SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, DC 20549

                               FORM 10-QSB
(Mark One)

(  X )    QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
          EXCHANGE ACT OF 1934

     For the quarterly period ended   June 30, 1999

(     )   TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT

     For the transition period from _______________to ________________
          Commission File Number: 01-16874


         National Real Estate Limited Partnership Income Properties II

       (Exact name of small business issuer as specified in its charter)

           Wisconsin                                  39-1553195
(State or other jurisdiction of                      (I.R.S.Employer
incorporation or organization)                       Identification Number)

1155 Quail Court, Pewaukee, Wisconsin                 53702-3703
(Address of principal executive offices)

                             (414) 695-1400
            (Issuer's telephone number, including area code)

- - - - - - - - - - - - - - - - - N/A- - - - - - - - - - - - - - - - - - - -
(Former name, former address and former fiscal year, if changed since last
report)

Check whether the issuer (1) filed all reports required to be filed by
Sections 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes     X      No


      NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II


                                  INDEX


                                                                     PAGE

 PART I. FINANCIAL INFORMATION

     Item 1. Financial Statements. . . . . . . . . . . . . . . . . . . .2

          Balance Sheet (unaudited) - June 30, 1999
               and December 31, 1998 . . . . . . . . . . . . . . . . . .2

          Statement of Operations (unaudited) - Three and Six months
               ended June 30, 1999, and 1998 . . . . . . . . . . . . . .3

          Statement of Cash Flows (unaudited) -
               Six months ended June 30,1999, and 1998 . . . . . . . . .4

          Statement of Changes in Partners' Equity (unaudited) -
               Six months ended June 30, 1999, and 1998. . . . . . . . .5

          Notes to Financial Statements (unaudited). . . . . . . . . .6-7

     Item 2. Management's Discussion and Analysis or Plan of Operation8-9


PART II. OTHER INFORMATION

     Item 1. Legal Proceedings . . . . . . . . . . . . . . . . . . . . 10

     Item 2. Changes in Securities and Use of Proceeds . . . . . . . . 10

     Item 3. Defaults Upon Senior Securities . . . . . . . . . . . . . 10

     Item 4. Submission of Matters to a Vote of Security Holders . . . 10

     Item 5. Other information . . . . . . . . . . . . . . . . . . . . 10

     Item 6. Exhibits and Reports on Form 8-K. . . . . . . . . . . . . 10


PART I. FINANCIAL INFORMATION
Item 1. Financial Statements

               NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                     (A Wisconsin Limited Partnership)
                       BALANCE SHEET
                        (Unaudited)

                                       June 30, 1999      December 31,
                                                              1998

ASSETS

CURRENT ASSETS

Cash and Cash Equivalent                          $577,560    $573,699

Other Assets                                           277       7,929

OTHER ASSETS

Investment properties, at cost

Land                                               516,590     516,590

Buildings and improvements                       4,154,507   4,154,507
                                                 __________  _________



                                                 4,671,097   4,671,097



Less accumulated depreciation                    1,603,400   1,536,009
                                                 __________  _________



                                                $3,067,697  $3,135,088
                                                __________  __________



INTANGIBLE ASSETS:
                                                ==========   =========

Debt issue costs, net of accumulated                25,218      26,855
amortization of $4,902 as of June 30,
1998 and $2,441 as of December 31, 1997
                                                    _______   _________


                                                  =========   =========

                                                $3,670,752  $3,743,571
                                                 ==========  =========


                                                ===========   ========

LIABILITIES AND PARTNERS' CAPITAL



LIABILITIES:

Accrued expenses and other liabilities             $44,381     $28,579

Tenant security deposits                            25,555      26,960

Mortgage notes payable                             535,737     539,334

Rent received in advance                            16,657      19,666
                                                  _________    ________



                                                   622,330     614,539



PARTNERS' CAPITAL (DEFICIENCY):

General Partners                                   $44,935     $43,802

Limited Partners                                 3,003,487   3,085,230
(authorized
                                                 __________  _________



                                                 3,048,422   3,129,032
                                                 __________  __________



SEE NOTES TO FINANCIAL STATEMENTS.              $3,670,752  $3,743,571


        NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                        (A WISCONSIN LIMITED PARTNERSHIP)
                           STATEMENT OF OPERATIONS
                              (UNAUDITED)




                                THREE MONTHS ENDED     SIX MONTHS ENDED
                                     June 30,              June 30,


                                   1999      1998      1999       1998

OPERATING INCOME:

                                $179,110  $195,625  $362,179   $386,557



OPERATING EXPENSES

Operating                       113,072    87,444   193,393    168,451

Administration                   35,817    35,377    69,703     64,147

Depreciation and amortization    34,515    34,415    69,029     68,864

Interest                         11,768    11,691    22,973     23,012
                             _________________________________________



                                195,172   168,927   355,098    324,474
                             _________________________________________



INCOME (LOSS) FROM OPERATIONS  (16,062)    26,698     7,081     62,083
                             _________________________________________

OTHER INCOME (EXPENSES):

Interest income and other income   9,133     7,117    15,578     36,613
                                ________________________________________



NET INCOME (LOSS)              ($6,929)   $33,815   $22,659    $98,696
                             =========================================



Net Income (Loss)                ($346)    $1,691    $1,133     $4,935
attributable to
General Partners (5%)

Net Income (Loss)              ($6,583)   $32,124   $21,526    $93,761
attributable to
Limited Partners (95%)

Per Limited Partnership           $0.32     $1.56     $1.04      $4.54
Interest outstanding

SEE NOTES TO FINANCIAL STATEMENTS.


        NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                        (A Wisconsin Limited Partnership)
                            Statement of Cash Flows
                                (Unaudited)





                                                     Six Months Ended
                                                         June 30,

                                                    1999          1998

OPERATING ACTIVITIES

Net income (loss) for the period                 $22,659       $98,696

Adjustments to reconcile net income
(loss) to net cash used in
operating activities:

Depreciation                                      67,392        67,212

Amortization                                       1,637         1,652
of debt issue costs



Changes in operating assets and liabilities:

Other assets                                       7,651         (368)

Rents received in advance                        (3,010)         2,836

Accrued expenses and other liabilities            15,802        17,109

Tenant security deposits                         (1,405)         2,037



NET CASH PROVIDED BY OPERATING ACTIVITIES        110,726       189,174



INVESTMENT ACTIVITY:

Additions to investment property                       0             0



FINANCING ACTIVITIES:

Distributions to partners                      (103,268)      (98,105)

Payments on mortgage payable                     (3,597)       (3,339)
                                          ____________________________



NET CASH PROVIDED BY FINANCING ACTIVITIES      (106,866)     (101,444)
                                          ____________________________



INCREASE (DECREASE) IN CASH                        3,861        87,730



CASH AND CASH EQUIVALENTS AT BEGINNING           573,699       490,973
OF PERIOD
                                          ____________________________



CASH AT END OF PERIOD                           $577,560      $578,703
                                          ============================



SEE NOTES TO FINANCIAL STATEMENTS.



      NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                    (A WISCONSIN LIMITED PARTNERSHIP)
                STATEMENT OF CHANGES IN PARTNERS' EQUITY
                               (UNAUDITED)
                              JUNE 30, 1999

                                     Limited         General
                                     Partners        Partners     Total
 Six Months Ended June 30, 1999
 Partners' Equity, beginning of qtr  $3,085,230     $43,802    $3,129,032
 Distributions                         (103,268)      - -        (103,268)
 Net Income (Loss)                       21,525       1,133        22,658
                                      ----------    --------    ----------
 Partners' Equity, end of quarter    $ 3,003,487    $44,935    $3,048,422
                                      ==========    ========    ==========


 Six Months Ended June 30, 1998
 Partners' Equity, beginning of qtr. $3,089,574     $38,867    $3,128,441
 Distributions                         (98,105)        - -        (98,105)
 Net Income (Loss)                      93,761        4,935        98,696
                                      ---------      -------    ----------
 Partners' Equity, end of quarter     $3,085,230    $43,802     $3,129,032
                                      ==========    ========    ==========



      NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                    (A WISCONSIN LIMITED PARTNERSHIP)
                      NOTES TO FINANCIAL STATEMENTS
                               (UNAUDITED)
                              JUNE 30, 1999

 1.  In the opinion of the General Partners, the accompanying unaudited
financial statements contain all adjustments (consisting of normal recurring
accruals) which are necessary for a fair presentation. The statements, which
do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements, should be
read in conjunction with the National Real Estate Limited Partnership Income
Properties-II annual report for the year ended December 31, 1998. Refer to
the footnotes of those statements for additional details of the Partnership's
financial condition. The operating results for the period ended June 30, 1999
may not be indicative of the operating results for the entire year.

 2.  National Real Estate Limited Partnership Income Properties-II (the
"Partnership") was organized under the Wisconsin Uniform Limited Partnership
Act pursuant to a Certificate of Limited Partnership dated June 5, 1986, to
acquire primarily existing commercial and residential real properties and
hotels. John Vishnevsky and National Development and Investment, Inc.,
contributed the sum of $1,000 to the Partnership as General Partners.
The Limited Partnership Agreement authorizes the issuance of 40,000 Limited
Partnership Interests (the "Interests") at $250 per Interest with the
offering period running from August 18, 1986 through August 18, 1988.
On August 18, 1988, the Partnership concluded its offering and capital
contributions totaled $5,163,031 for 20,653.69 Limited Partnership Interests.
Pursuant to the Escrow Agreement with the First Wisconsin Trust Company,
Milwaukee, Wisconsin, until the minimum number of Interests (4,850) and
investors (100) were subscribed, payments were impounded in a special
interest-bearing escrow account. On February 2, 1987, the Partnership
received the required minimum capital contributions and $1,332,470,
representing 5,329.88 Interests,was released to the Partnership.

3.   National Realty Management, Inc. (NRMI 1999.

4.   The mortgage note payable is secured by the Amberwood Apartments. The
loan bears interest at a variable rate of interest (based on five year
treasury securities) plus 2.25% adjusting to 2.35% on May 1, 2002. Monthly
payments of principal and interest are due based on a twenty five year
amortization schedule, which also adjusts on May 1, 2002. All unpaid
principal and interest is due on April 1, 2007. Maturities from 1999 to
2002 are: $7,009, $7,497, $8,294, $9,029, and $9,828 respectively.Maturities
from 2004 and thereafter are $498,121.

5.   In 1992, the Partnership purchased 12 units of Amberwood Condominiums
from National Real Estate Limited Partnershipship is contingently liable
to pay NRELPVI proceeds from a future sale of Amberwood Condominiums as
set forth in a Future Interest Proceeds Agreement. Upon the future sale of
Amberwood Condominiums, NRELPVI is entitled to receive 50% of the net sales
price above $57,500 per unit (reduced by normal selling costs) until the
Partnership earns a cumulative return of 20% on its investment. After that,
 NRELPVI will receive 60% of the net sales price above $57,500 per unit.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

      NATIONAL REAL ESTATE LIMITED PARTNERSHIP INCOME PROPERTIES-II
                    (A WISCONSIN LIMITED PARTNERSHIP)
                 FOR THE SIX MONTHS ENDED JUNE 30, 1999

The Partnership owns and operates two investment properties: a portion of Cave
Creek Lock-It Lockers,containing 37,792 of 46,028 net rentable square feet,
located in Phoenix,Arizona, and the Amberwood Apartments, a 56-unit
apartment complex in Holland, Michigan.

National Real Estate Limited Partnership Income Properties ("NRELP-IP") owns
the remaining portion of Cave Creek Lock-It Lockers. NRELP-IP is a
Wisconsin limited partnership, affiliated with the General Partners.

Amberwood's average occupancy rate for the six months ended June 30, 1999,
was 96%.  Cave Creek Lock-It Lockers' occupancy during the same period was
89.49% based on net rentable square footage.  During the comparable period
in 1998 occupancy rates were 96.52% for Amberwood and 93.86% for Cave Creek
Lock-It Lockers. The Competition Study and information gathered from the
Arizona Mini-Storage Association show occupancy rates of 91% to 92% occupied
for the Cave Creek Lock-It Lockers area.  The market continues to soften in
the Phoenix area due to the over-building of self storage facilities within
5-mile radius of the property.

Cave Creek rental rates currently range from $10.00 to $165.00 for the second
quarter of 1999.   Rental rates for Amberwood's three bedroom apartments
are $750, and $640-$699 for two bedrooms.

INCOME STATEMENT
Six Months Ended June 30, 1999 and 1998
Net income decreased $76,037 from $98,696 for six months ended June 1998, to
$22,659 for six months ended June 1999.

The decrease in net income is due to a decrease of operating income of
$24,378, increased operating expenses of $30,624, and a decrease in
interest and other income of $21,035.

The decrease in operating income of $30,624 is due, in part, to increased
vacancies of $8,700 at Cave Creek Lock-It Lockers during the first half of
1999 as compared to the first half of 1998.  During these periods, occupancy
decreased from 93.86% to 89.49%.  Amberwood vacancies increased $4,600,
and revenue from furnished apartments decreased $11,300 due to the fact
that more residents are buying homes.

Operating expenses increased $24,942 primarily due to $22,760 for exterior
painting and an increase of $3,500 in carpet purchases due to upgrades
necessary to rent vacant apartments.

The significant decrease in other income was primarily attributable to a
positive settlement of $23,500 in 1998 in favor of the partnership.

Three Months Ended June 30, 1999 and 1998 Net Income decreased $40,744
from $33,815 for three months ended June 1998 to a loss of ($6,929) for
three months ended June 1999.

Operating income decreased $16,515 from $195,625 to $179,110. The decrease in
operating income of $16,515 is due to an increase in vacancy losses of $5,061
at the Cave Creek Lock-it Lockers and $5,364 in vacancy losses at Amberwood.
Furnished apartment income also decreased $5,968 at Amberwood.

Operating expenses increased $25,628 from $87,444 for the quarter ended June
30, 1998, to $113,072 for the quarter ended June 30, 1999. Operating
expenses increased primarily due to $22,760 expended for exterior painting
in 1999.

CASH FLOW
Six Months Ended June 30, 1999 and 1998

Cash increased $3,861 for the six months ended June 30, 1999, as compared to
an increase of $87,730 for the six months ended June 30, 1998. The
difference is due to a higher net income and lower distributions to
investors for the six months ended June 30, 1998, as compared to the same
period in 1999.

The cash balance on June 30, 1999, was $577,560, which is a ratio of 6.7:1 to
current liabilities. As noted by this ratio, the partnership has a strong
liquidity position.

PART II. OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS
     On May 25, 1999, a limited partner who owns interests in four
partnerships, the general partners of which are John Vishnevsky, National
Development and Investment, Inc., and E.C. Corp. (The same general partners
as in this partnership), filed a complaint in the Waukesha County Circuit
Court of the State of Wisconsin on behalf of a putative class of all of the
limited partners in the defendant partnerships.  The complaint was filed
against Mr. Vishnevsky, National Development and Investment, Inc., many
partnerships for which those general partners serve as general partners, and
various individuals and entities who are alleged to exercise control over
the partnerships and/or perform services for the partnerships. The
complaint asserts putative class claims and derivative claims under the
Wisconsin Uniform Limited Partnership Act alleging, among other things,
that the general partners wasted partnership assets and breached their
fiduciary duties to the partnerships and their limited partners by charging
excessive fees and expenses in managing the affairs of the partnerships.
In addition to money damages, the plaintiff is seeking to wind up the affairs
of the partnerships and an accounting of the partnerships to be supervised
by a receiver to be appointed by the court. The case has not been certified
to proceed as a class action. Defendants have filed motions to dismiss
plaintiff's claims; those matters have not been decided. This partnership,
National Real Estate Limited Partnership Income Properties II, was not
named in the complaint. The general partners representing the limited
partnerships named in the complaint believe the allegations are without
merit and are vigorously defending the lawsuit.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
     None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES
     None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
     None

ITEM 5. OTHER INFORMATION
     None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

 There were no reports on Form 8-K for the quarter ended June 30, 1999.

                               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 thereunto duly authorized.



                                 National Real Estate Limited Partnership
                                         Income Properties-II
                                         (Registrant)




Date        /August 11, 1999            /S/ John Vishnevsky

                                            John Vishnevsky
                                    President and Chief Operating and
                                         Executive Officer
                                    National Development and Investment, Inc.
                                    Corporate General Partner


Date       /S/August 11, 1999          /S/  John Vishnevsky

                                         John Vishnevsky
                                      Chief Financial and Accounting Officer



Date     /S/August 11, 1999                Stephen P. Kotecki

                                           Stephen P. Kotecki
                                           President
                                           EC Corp
                                           Corporate General Partner






                               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 thereunto duly authorized.



                                 National Real Estate Limited Partnership
                                          Income Properties II
                                           (Registrant)




Date        August 11, 1999              ________________________

                                                John Vishnevsky
                                    President and Chief Operating and
                                    Executive Officer
                                    National Development and Investment, Inc.
                                    Corporate General Partner



Date        August 11, 1999              ____________________________

                                           John Vishnevsky
                                      Chief Financial and Accounting Officer



Date        August 11, 1999              _____________________________

                                           Stephen P. Kotecki
                                            President
                                            EC Corp
                                            Corporate General Partner














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