Considering the selling costs (real estate commission etc.), you may even show a loss. You may not deduct a capital loss on the sale of personal use property. You may deduct the capital loss on the sale of investment property.
"Personal use" is determined by how you and/or your brother used the property, after inheriting it (not by how your parents previously used it). If it sat idle, then it is classified as investment property, for income tax purposes.
