Today, numerous advanced options exist for analyzing and measuring magnetic hysteresis loops and core loss across a broad spectrum of applications. Most of these systems are compact and ready to use, fulfilling the measurement and data processing requirements for laminated iron cores according to the standards. However, modeling newly developed materials with complex structures or the high-frequency behavior of iron cores, and the computation of dynamic hysteresis properties’ temperature dependence, are still challenging problems in the field. Moreover, these standardized measurement tools are relatively expensive, and most of them represent a black box that impedes research and further development. This paper presents the development of a cheap and accessible measurement system that is explicitly designed for recording the hysteresis properties of 3D-printed iron cores. The paper presents a comprehensive overview of the design process, components, circuitry, and simulations integral to this project. The paper presents a completed circuit simulation conducted using LTspice and validation of the prototype’s measurement performance. The measurements obtained with the proposed system show good agreement with those of the reference setup, demonstrating its accuracy and practical applicability.