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The phrase "a modest chunk" is correct and usable in written English.
It can be used to describe a reasonable or moderate amount of something, often in a context where size or quantity is being discussed.
Example: "The project required a modest chunk of our budget, but the results were worth the investment."
Alternatives: "a reasonable portion" or "a fair amount".
Exact(4)
International Battery is vying for a modest chunk of it.
If Ferguson sticks to at least some of those promises, he stands to miss a modest chunk at the end of United's season.
Terms of the deal weren't disclosed, but you could expect it's a modest chunk of the $50 million that's being spread across multiple deals.
Suppose that Congress appropriated a modest chunk of money to have independent economists put together teams to construct alternative plans.
Similar(56)
In exchange for British consent, Mr Cameron would ask for some modest chunk of red meat to throw to his Eurosceptic backbenchers.All of this leads me back to the Daily Mail, and its doom-laden accusations that the Germans are trying to take over Europe.
It may take a big chunk of money in a modest EU budget, but it is still tiny as a share of overall public spending in the EU: about 0.4% of GDP.
Renting space at a nearby cake bakery, McBay has pulled in a modest $8,000 in sales thus far, including a chunk from her school's foodservice provider.
As with other Gulf nations, oil is the mainstay of the economy, providing a large chunk of GDP, but compared to its neighbours Oman is a modest producer.
The memorial began small, with a request in 2004 for a chunk of steel from the remnants of the twin towers and the idea of a modest, but fitting tribute.
Take a modest proposal.
Here's a modest proposal.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com