A series of C‐alkylated chalcones on ring ‘B’ of C6‐C3‐C6 system of the basic flavonoid skeleton were synthesized by taking different alkyl substituted aldehydes by conventional approaches. The compounds (5 a‐l) were obtained by condensing di‐O‐methylated phloroacetophenone with various alkylated (methyl, di‐methyl, ethyl and n‐propyl) substituted aromatic aldehydes (4 a‐l) and characterized by different spectroscopic methods (IR, NMR, LC–MS and elemental analysis) and further studied their inhibitory action on 5‐lipoxygenase (5‐LOX) enzyme. The compounds (E)‐3‐(4‐ethoxy‐5‐methoxy‐2‐methylphenyl)‐1‐(2‐hydroxy‐4,6‐dimethoxyphenyl) prop‐2‐en‐1‐one (5 k), (E)‐3‐(2,4‐dimethoxy‐5‐methylphenyl)‐1‐(2‐hydroxy‐4,6‐dimethoxy phenyl)prop‐2‐en‐1‐one (5 i), (E)‐3‐(4,5‐dimethoxy‐2‐methylphenyl)‐1‐(2‐hydroxy‐4,6‐dimethoxyphenyl)prop‐2‐en‐1‐one (5 j), and (E)‐1‐(2‐hydroxy‐4,6‐dimethoxyphenyl)‐3‐(2‐methoxy‐4,5‐dimethylphenyl)prop‐2‐en‐1‐one (5 l) showed a significant 5‐LOX enzyme inhibitory action with IC50 ranging between 49.1 and 52.3 μM, whereas positive control curcumin exhibited IC50 of 22 μM. The molecular docking simulation study revealed that the compounds were well accommodated in the allosteric site of the enzyme, 5‐LOX.