In the present study, fatigue and fracture characteristics of sensitized marine grade Al‐Mg (AA 5754) alloy are experimentally evaluated. Received alloy is sensitized at temperatures of 150°C (SENS50) and 175°C (SENS75) for 100 hours. Fracture parameters, KIc and JIc, are experimentally evaluated. Slow strain rate tensile tests at a crosshead speed of 0.004, 0.006, and 0.01 mm/min; fatigue crack growth tests at load ratios (R = Pmin/Pmax) of 0.1, 0.2, and 0.5; and low cycle fatigue tests at four strain amplitudes of (0.3‐0.6)% are performed for SENS50 and SENS75 alloys. Relatively lower magnitude of fracture toughness values are observed for SENS75 specimen. Severe degradation in tensile properties, fatigue crack growth characteristics, and low cycle fatigue lives are observed for SENS75 samples. Extended finite element method is adopted to simulate the elasto‐plastic crack growth during fracture toughness evaluation. Scanning electron microscopy (SEM) is used to understand the failure mechanism of sensitized alloys.