The common convention is like this.
one brother - 오빠
two - 큰오빠, 작은오빠
hree - 큰오빠, 작은오빠, 막내오빠
four - 큰오빠, 작은오빠, 세째오빠, 막내오빠
five - 큰오빠, 작은오빠, 세째오빠, 네째오빠, 막내오빠
You see that 막내 means the youngest.
One's youngest son is 막내아들, youngest daughter 막내딸.
Similarly, 막내고모 is youngest aunt on father's side, 막내이모 youngest aunt on mother's side.
But all this is mostly a thing of the past now.
Nowadays Korean families have shrunk to one or two kids on the average.
So people won't have much need for these words, which is kind of unfortunate :-)