The paper presents the investigation of magnetic nanoparticles (MNPs) dedicated to hyperthermia application. The crystal structure and size distributions have been determined by means of transmission electron microscope (TEM) and X-ray diffraction (XRD). Magnetic properties of the nanoparticles were tested by Mössbauer spectroscopy together with calorimetric experiments. The Mössbauer spectroscopic study of MNPs revealed the existence of a superparamagnetic phase. The relative contribution of the relaxing component to the total spectrum at room temperature was about 10%. The heating effect of these MNPs under alternating magnetic field was examined. The temperature increase has reached 5°C in 10 min. The preliminary temperature rise suggests that the investigated materials are applicable for hyperthermia.