Statistical properties of critical wave functions at the spin quantum Hall transition are studied both numerically and analytically (via mapping onto the classical percolation). It is shown that the index $eta$ characterizing the decay of wave function correlations is equal to 1/4, at variance with the $r^{-1/2}$ decay of the diffusion propagator. The multifractality spectra of eigenfunctions and of two-point conductances are found to be close-to-parabolic, $Delta_qsimeq q(1-q)/8$ and $X_qsimeq q(3-q)/4$.